Short for multi confluences SL: 1.1140 (45pips = 1R/R) Entry: 1.1095 PT: 1.1000 (2R/R)
Once price reaches 618 Fib retracement, I will be looking to get short. Pair is currently on a down trend (daily). This trade will be a trend continuation trade.
Hey guys, this is another chance to get involved in a shorting opportunity given by a 2618. Here we have a double top at a previous daily resistance level (black line) and near to a psychological number (1,49000); by breaking the double top in a downward direction price is giving us reason to believe that the trend is now reversing. The pullback is beyond the .618...
Hi traders, here we have a 2618 opportunity to go short on eurusd. We are at a daily structure level and we've had a nice double top at that level. After the break and close below the double top we are waiting for a pullback into a 0,618 in order to get involved short. Hope you enjoy.
Double bottom formed on this pair. We can also see RSI divergence. Wait for 618 Fib retracement before getting long on this trade.
Double bottom formed with RSI divergence. Wait for a 618 Fib retracement before getting long on this trade. Pair is currently on an uptrend (daily chart).
A messy but none the less evident 2618 short 1. Double Top 2. Lower Low 3. 61.8 Fib retracement Possibly going south Suggested Targets and Stops on the chart Just an Idea - Trade your plan If this is informative in any way please give a like thank you Good Luck
Potential 2618 Short trade on AUDUSD Ideas on Chart
Waiting for a 618 Fib retracement before placing orders. Pair might be moving towards .01830 and eventually further towards .02182.
Pair might be forming a double bottom (1h chart). If you are more conservative, you can wait for the double bottom to be completed and then wait for a potential 618 Fib retracement before entering with your orders. Stops @.74543. First target at previous outside return @.75260. Extended target @75500. FX:AUDCHF
market made a double bottom and will be looking to enter after the retracment to 0.618 fiboancci level of the newest leg
There are double/triple bottoms formed already in GOLD 4H. Currently the price has been rejected by the resistance structure on top it. This would be a good 2618/3618 opportunity, let wait and see the kindle reaction at 0.618, and get ready to OPEN LONG. The TP/SL could be set to near the resistance structure at the top/bottom in the chart.
FX:AUDJPY Safe Trades;
#EURUSD Possible 2618 Entry on Retest after Pattern Completion
#EURUSD Throwing Possibility of a Cypher Pattern too
In yesterday's Forex Market Preview video we took a look at the affects that making simple trading mistakes could have on your trading. In that video I used the double bottom as and example and discussed the importance of waiting for confirmation. Well for those traders who are looking for an even more conservative approach to getting involved in the markets, the...