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.
We have a completed Triple Top Divergence setup, and price has now retraced more than 61.8. And we do have a hidden divergence as well.
Is it currently presenting a better entry price?
Hello Traders,
Here we have a valid 2618 short trade setup , which is currently close to the completion point. Marking the LL's and LH's on the chart above, we see that this market is in a nice downtrend based on 60 min timeframe. Risk to reward for 2618 trade setup is 1:1 for the 1st target, with stops placed just above the swing high of the double top. After...
#USDCAD 2618 Short Idea #Forex Trading
Further previous idea, here is another opportunity to go short based on 2618 entry technique.
If the high holds this will also form CD leg of a Bat Pattern at 1.618 Fib extension. That is where my second targets are.
@TradeYodha
TradeYodha.com
Hello Traders,
Here we have a valid 2618 trade setup on FX:GBPUSD , which is very close to the completion point (61.8% fib retracement level). First of all market was able to break and close below previous support level (previous HL) after putting in higher highs (HH) and higher lows (HL). This first break in structure is an early signal of shift in the...
Hello Traders,
Here we have two valid 2618 trade setups on FX_IDC:XAGUSD , where one of the 2618 setups reached its first target and currently we have another new 2618 trade setup that has just completed with better entry price. Notice that market is very close to the weekly trend line and that it has been successfully tested several times by the market....
Just entered on a completed Bat pattern. We also have a potential 2618 setup. Would USDCAD be so kind to hit my TP of the bat and go according my entry of the 2618?
Sorry guys that I am overseas currently and didn't manage to product the Weekly Market Analysis. I will do a mid week one this Thursday :)
Cheers,
KY
FX:AUDNZD
Cypher pattern can lead to mistrust, but the movement is understood, expected, and synchronized with sup&res level zones. It's Completed. Time to get short, target the 38.2% retracement (Support zone), and eventualy the 61.8% as second target.
(2618) - Double top >>> retracement to break the neck line >>> find support above neck >>> 61.8%...
Hello Traders,
Here we have a valid bearish crab pattern that has already been completed on FX:NZDUSD , but we are now able trade this pattern with much lower risk. Market has moved beyond the crab pattern completion point (161.8% Fib extension), which has allowed us to lower the risk and increase our potential profit. The stop loss for this pattern is...
We have double topped and broke structure to the down side. Looking for a retracement back up into the .618 around 78.29's. Stops go above X. Target 1 at previous structure lows with extended targets at 1.27 extention.
Last night I shot out a video to some traders looking at this opportunity to take a short on EURAUD. The trading idea was based off of a read of price action and a prediction of a continuation of the short-term trend. The idea was to wait for price action to reach that level of resistance and see if we could get some type of confirmation of a hold. (Double...
Hello traders.
Today on FX:GBPUSD we have a very nice shorting opportunity. The price has made perfect double top @1.5470 at very strong structure resistance level. For more confluence look left or switch to daily or 4h timeframe to see it better. Then price broke the neckline and went back @fibs 61.8 which gives us a 2618 setup and very nice shorting...
Hi All, we have a double top with RSI Divergence chance to get short - we could also see price continue upwards on this pair towards the Mad Monday Spike giving us an opportunity for a shorting position at AB=CD completion which puts us right inline with Previous Structure - however I have a feeling this might break that level exposing us to the next high which is...
FX:GBPUSD
Let's see what the market is cooking, at the moment began a retracement and pulled in 61.8% from previous weekly support.
IF the price break the previous structure, and IF starts a new fall that reaches the 61.8%, it forges one bullish 2618 setup with expectations of an upward move that by "default" breaks the nearest structure pressure zones, or...
FX:EURUSD
Eventual Bullish BAT pattern
Pattern Objective:
LONG at D
Point B:
38.2% 50% XA
Point C:
38.2% 88.6% AB (or close below point A)
Point D
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
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Eventual Bearish 2/618 (double top followed by a 61.8% retracement after breakout the previous structure lows/support)
Pattern...
As price action makes its way back up towards previous structure highs, we’ll reach what I like to call a “decision point” in the market. I call it that because it’s at this point where our “IF/THEN” thought process comes in today play in our decision of whether to go long or short.
Because we have yet to break structure, I won’t touch on the long option, but...
