Hello Traders, We just got the completion of a VALID 2618 TRADE SETUP on FX:NZDJPY with better entry price and lowest risk possible. I've already entered into this short trade at the price labelled on the chart above. The stop loss is placed well above the respected 4 hour trend line. See the chart above for more details. NOTE: For tomorrow, we have 3...
Here on the EURJPY we have a potential 2618 setup in the works. I say potential because I have no clue what the future of this current leg is, all I can do is Identify, Predict, Decide & then Execute. Here’s a link where you can take the FREE training on this particular strategy (tradeempowered.com ) but essentially, what I’m looking at is a double bottom...
UPDATE #1: Trade is ACTIVE now. Good Luck EVERYONE !! Hello Traders, Here we have a BEARISH 2618 TRADE SETUP on FX:NZDCAD . Market was able to break previous structure (HL) and made a new lower low (LL). Now it has retraced back to 61.8%Fib retracement level for nice shorting opportunity. I havemarked my entry price on the chart above and market is close...
Plain and simple 2618 setup. Stops below 123. Target 1 at 123.750, take half off and lock in Breakeven. Target 2 at 123.970.
With Jason out of town I’ll be pulling double duties helping out with the morning War Room as well and today I had about six potential trades on my radar. I typically don’t actively trade on Monday’s but I will be keeping an eye on the NZDUSD for multiple trading opportunities. Bigger picture I’m still looking for a chance to short this pair once we retrace to our...
Trade succeeded Following the 2618 strategy we might see a short opportunity in the coming trading week/hours. Prerequisite: return on 0,618 level as entry point. Otherwise our Risk Reward Ratio wouldn't be sufficient enough. First taget ist set right at the previous low structure level, second target further down at a big support level. Insecurities about...
The pair has created a deep bearish bat pattern with a good risk/reward ratio. Another signal that might indicate to go short: there was also a double top some days ago and a 2618 setup has just formed. Good trading !
GBPNZD is overbought on the Daily and Weekly. Moreover a Double top has completed on a strong major structure that works as support. If you're prudent you can wait for a 2618 setup before enter the trade and short !
Looking at the weekly time frame on this pair, we are at a level of previous structure looking left. If we go down to the daily time frame you can see the market has put in three candles with high test wicks. For me, this shows that the bulls have attempted to push through the resistance level but have been rejected by the bears each time. This would signal a...
As soon as the Cypher will fill in the take profit, there will be a 2618 setup with a possibility to go short ! Frankly speaking I don't like the risk/reward ratio of this trade, so I'll enter only if the risk/reward will be around 1.5 (waiting for a better entry price) See the previous Cypher setup here:
We have a clear divergence and would be keeping an eye on a potential 2618 setups on this pair. I would love to hear your opinion, feel free to comment, agree or disagree. ----------------------------------------------------------------------------------------- Always wanted to connect, learn and help one another throughout your trading journey? Join our...
To follow up on last week's EURUSD idea, the pair has finally reached higher level of structure that I liked during yesterday's Euro rally. We've now double topped at that level and have broken structure to the downside setting up for a potential 2618 opportunity for those traders looking for a conservative approach to get involved. We do have A LOT of news on...
Hello Traders, Here we have a 2618 trade setup, but keep in mind this is on daily time frame; so the stop loss on this setup is huge. Personally I would be looking for selling opportunities based on this trade setup on lower time frames with smaller stop loss levels. See the chart for more details. Good Luck :)
Last week the Greenback opened bullish on the back of the prior Fridays better-than-expected core cpi readings and strengthened throughout the week. On Tuesday it made strong gains as core durable goods, consumer confidence and new home sales all beat expectations. These positive readings reinforced dollar strength. Wednesday´s BoC rate decision and statement...
Sorry for being quiet this week trading view but I've been running things on the road. Also the markets have been pretty quiet this week so there just hasn't been a lot to share. Today seems to be a little bit better and I wanted to bring a potential buying opportunity on AUDUSD to your attention. I'm already long this pair from earlier in the week. My position...
Interesting setup where a Cypher pattern completion complements the 2618-setup. Besides that, a Bat pattern is waiting for completion around 1.5330 Entry somewhere between the 0.618 retracement and the 0.786 retracement depending on price action. Profit target at previous structure and stops below the initial double bottom low.
Watch this week market analysis video here: www.youtube.com Sit in for our Traders' Development Sequence on the 28th May 7pm to 10pm. RSVP here: www.facebook.com I would love to hear your opinion, feel free to comment, agree or disagree. ----------------------------------------------------------------------------------------- Always wanted to connect, learn...
After double topped, the kiwi made a strong break down and now it retraces to 618 area, which could be a nice selling oppurtunity with two potential targets and stops above the double top - as it is written above.