"2618" means 2 tops or double tops, then follow by retracement back to 618...then usually a downtrend... of course, this is juz a trading idea, no indication of buying or selling... strong resistance : 1584-1600 current resistance : 1560 current support : 1500-1520
EURUSD had hit the 1.1400 bat entry and formed an hourly double top. Quite a textbook harmonic patterns combination trade, worth a shot as a harmonic patterns trader. Let's see how it goes yo!
A check back on the retracement of the double top setup gave an opportunity to engage the trade. At the blue trendline, it will be level I'm observing if a break below and close below the trendline is going to happen, for that I'll leave it to the alert set on trading view. If you do not have an account with a trading view yet, clear your cache, set up a new...
OANDA:USDCAD One technical double bottom reinforced by the most recent daily fractal support printed at 1.38682, one broken neck at 1.39608 and the most recent 4h fractal resistance printed at 1.40488 right above the default target for the double bottom projected at 200%, and a couple of points above the golden 61.8% fib retracement level. The bullish 2618...
entry : 7697 take profit: 7795 stop < 7630
double top, break of structure, pullback to the 61.8 stoploss above the 113. educational use only
I know I posted a long trade on the down earlier at 25000 and that trade is all and good... but I wantd to show you what the sellers are also looking at …… my thoughts... 22,000 is in the cards my friends your thoughts? educational use only
price retesting 61.8 level after created double top to complete 2618 trade setup. we can sell targeting 2 levels. SL if break double top
4hours chart double top confirmed Then wait for pull back to 618 fibo level and combine the supply zone to short good luck ! Entry: 10209 SL: 10500 TP1: 9740 TP2: 9530
FX:GBPUSD Technical double bottom validated by the neck/resistance breakout | resistance above the broken neck | retracement to the golden 61.8% fib | 1st target for the pattern at previous structure highs (resistance above the neck) | default target for the pattern forming one eventual symmetrical ab=cd.
A beaish gartley has completed for a trend trading setup. All turn to short for this pair as this level is a retracement of 61.8% after a double top after completion of a bearish bat pattern on the daily chart and not to mention a final target profit on the 4-hourly chart of a bullish bat. If you have observed closely, there is this small hump that I call appear...
After the inside month breakout December, GBPUSD hitting the 0.618 retracement can finally start a bearish mindset. This GBPJPY 2618 is one of my top focus today.
Daily is currently at a minor support level so we can see some relief to the green line. Double Bottom and then a break of the V Point on the 60 can provide a decent opportunity between the zones drawn in. 60 in itself isnt too convincing but you can use it as an entry for higher time frame perspective.
EURGBP had a nice 4hr combination long around 0.8528 spot In terms of monthly chart, it's right at the monthly demand zone. Accordingly, I'll be willing to wait for this long.