double top, outside return to 618 then coudl see a continutation to the downside
Hi Traders, Kiwi has formed a double top reversal pattern at previous resistance. I am looking for a "2618" opportunity to go short as indicated on the chart. Price is very close to the entry level at the 61.8% retracement of the move from the second top to the lowest point below the neckline. Entry: 0.72740 Stop: 0.73320 Target 1: 0.72060 Target 2:...
Double top as Highlighted, Broke structure and now waiting for the outside return. Got my order set for entry at 131.37 Stop Loss at 131.75 and Take Profit 129
FX_IDC:AUDJPY Safe Trades;
HELLO TRADERZ! SO DURING THE LONDON SESSION, WE GOT IN A BEARISH CYPHER PATTERN ON GBPJPY FOR THE SELL SIDE AND NOW, DURING NEW YORK, WE'RE LOOKING FOR A 61.8 RETRACEMENT FROM A DOUBLE BOTTOM. LET'S SEE HOW THIS WORKS OUT!
I just put out a video on my you tube channel breaking down a trade that I entered on the NZDUSD yesterday. I entered yesterday on the recent double top that was just put in, but if you missed it I show how you can use a 2618 for entry. That way you can get involved and still look for a bigger move to the downside. Check out the video, and if you like it please...
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish 2618 Setup on 15M here on EURJPY, and I think this is perfect counter trend trading opportunity . You may ask why? We don't only have a conservative entry reason in the face of this 2618 but we can stack on it. The Double Bottom(foundation of 2618 Setup) is right at Structure Low - look...
USDJPY 2618 TRADE My last Trade for USDJPY bought at 100.80 and take some profit at 102.50 now here is a 2618 trade which allow me to buy USDJPY again I have limit order at 101.45 for the 0.618 pull back. SL is below the Previous Low.
Spotted a nice little double top on the EURUSD 30-min chart. The trough between peaks is broken up by the weekend, but it's structure coincides with topside resistance to a bullish pennant on 7-27-16 @ 20:30, which then becomes support on the 29th. The downtrend following the second top breaks this support level, and a presumed retracement to the .618 level should...
Here's a chart of the analysis that I did in tonight's video showing you how I would conduct my technical analysis on the EURUSD prior to tomorrow's Jobs report. I don't even pretend to know or predict what the outcome will be. All I can do is attempt to stay one step ahead of the markets by preparing any potential trading opportunities before hand instead of...
buying the pullback on double bottom reversal and on a horizontal support level...a 2618 trade
FX:AUDCAD Safe Trades;
FX:GBPUSD Safe Trades
Hello traders, we're looking at 2618 trade here at XAUUSD H4 chart..After this pair double top and failed to make a new structure high, the price has 'broke below and closed below' the previous low..This indicate us that the price have intention to go lower as RSI shows bearish divergence..To trade the 2618 we can sell at least at 0.618 retracement as shown...
Just checked in on the Kiwi this morning & price action has made it's way back to retest the double top. I'm now currently short looking for a move lower. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
+++ Don't forget to LIKE & Follow+++I got filled in this Bearish 2618 Setup on 1H, here on NZDUSD. 2618s provide conservative way for entering in counter trend opportunities. This particular 2618 is really good because we can target 1st target at current cycle low - look at that beautiful Risk/Reward factor for 1st target. For 2nd target we can shoot for the...