Perfect 2618 trade the retrace happened overnight
FX:EURAUD Missing the "V" shape on this double top, but until now all the behavior is similar to a 2618 trade setup... Double top, neck broken, found support @1.435$ previous resistance, retracement... (CHECK LINK BELOW ) Now, IF the price hit the 61.8% retracement (previous neck) and IF there's any indication of a reversal, we can sell this pair with an ...
FX:EURUSD Double top, followed by a 61.8% retracement, short an eventual AB=CD, eventually the 261% extension ;) Safe trades;
FX:AUDUSD Double top forged; (eventual sell here!) Or wait the price to break the neck, It must find some support below it, eventualy the monthly trend line that is acting as support also, and a retracement to the 61.8% zone should be a sign of a trend continuation downward, target one eventual AB=CD basic pattern, this is the 161% extension; Synced with a...
After having higher highs the market failed to create a new high and made a double top. we have a chance to take the 2618 trade setup after the violation of the V structure.
We started watching this towards the end of yesterday's Live Room session and now we're at the point where we can start preparing ourselves on IF, WHEN & HOW to get involved in this potential bearish 26-18 Trade. (2618 Training Video goo.gl) Aside from that I just got long $EURUSD as well this morning, but the chart would literally be a black chart, which isn't...
Very clear and simple 2618 setup here on AUDCAD. Nice second target confluence just above the 0.97 psychological resistance. Entry: 0.97770 Stop: 0.98230 Target 1: 0.97230 Target 2: 0.97020 Keep in mind that the 2618 strategy has a win rate of 55-65%, and a R:R > 1:1. Trade it if it is in your plan and you have done the backtesting on this strategy. Remember:...
Hi Traders, There are two trade setups I have identified on this pair, one long and one short. The bullish 2618 setup is as follows: Entry - 1.33430 Stop - 1.32950 Target 1 - 1.33930 Target 2 - 1.34180 The bearish Gartley setup is as follows: Entry - 1.34010 Stop - 1.34450 Target 1 - 1.33670 (at the 38.2% retracement of the CD leg) Target 2 - 1.33440...
Hi Traders, Here we have a small Bearish 2618 setup formed with current price very near to entry. I like this setup as in this particular case the short side is in the direction of the higher time frame trend. Entry: 130.080 Stop: 130.400 TP1: 129.760 TP2: 129.610 Luke
Very clear H1 bearish double top formed, perfect setup for a 2618 trade to the downside. The only trade management that the 2618 requires is when price reaches TP1, we close half the position for profit and move our stop loss to breakeven. Otherwise we have our entries and exits in place and just let it run. Entry - 1.33210 Stop - 1.33831 TP1 - 1.32510 TP2 -...
Despite an inverse reaction to yesterday's FOMC minutes, I'm still looking to be bearish the USD as we anticipate a rate hike in December. Being a technical trader, my fundamental views won't affect what opportunities I take, but it can beneficial when they both line up on the same side (for those of you who remember the USDCAD trades over the summer). Anyways,...
Hey Traders: This is one of the good example of a 2618 trade setup followed Rsi bullish divergence ( regular) We may have a bullish trend continuation after the first false breakout.
Well we have a possible 2618 buying opportunity on the EURUSD, this is a counter trend trade. IF the possible 2618 setup fails THEN we could look to get long based on structure.
We have a completed divergence setup. Traders can now potentially wait for price to retrace back to the 2.1420 region for a long opportunity targeting the 2.1660 region.
Price is currently forming a double top divergence setup. We would like to a confirmation of the setup with a break of the 1.5415 level. Aggressive traders can short the breakout towards the 1.5330 region; while more conservative traders can wait for a 2618 setup. In addition, we have some valid bearish setups on H4 too.