EUR/AUD - H4 - 2618 & Bat Pattern We are looking for a D leg completion of this Bat Pattern for our buy orders to be triggered. The C leg of this bat pattern didn't exceed A, so in my rules this is still a valid Bat Pattern. Having now retraced back into the 61.8% Fib level, we can also trade this as a 2618. Rules Of Engagement 2618 - Double Top - Break below...
*UPDATE: Stop loss moved to break even* Hello Traders, Here we got a 2618 trade setup on 60 min time frame. The trade is with the major trend and the risk to reward is also favorable. Note that 2nd target is at 127.2 extension which is located exactly at previous structure.You can wait for bullish price action since the market did went below the 61.8% level. I...
#DXY #USDOLLAR Short Ideas @TradeYodha (TradeYodha.com) 1. 2618 short idea 2. Fibonacci retracement 3. 50sma acting a resistance
Hey traders the NZDUSD has offered us an excellent 2618 opportunity and I wanted to take a minute to show you guys how I use the Fibonacci tools to break down a potential reversal zone and really dial in on where i want to place the trade at. Here's a link to a short video i did this morning on this pair. tradeempowered.com Akil Stokes Chief Currency Analyst...
A Gtartley Pattern completion with a double bottom and now 2618 opportunity on the lower time frame. I wouldn't trade it was a gartley and attempt to use 2618 stops, but you can certainly look to protect profit or shoot for extended targets based off of the higher timeframe pattern including the potential bearish cypher that still exists
I am truly grateful to come across Akil's sharing sometime back, and I must say I really appreciate his sharing and dedication in helping out traders. So for those who are familiar, there is a potential 2618 setup (a methodology shared by Akil) here. I would love to hear your opinion, feel free to comment, agree or disagree....
Hello Traders, It feels like we just not going to stop getting 2618 trade setups, they are everywhere, LOL :) Alright back to business, so here we have another 2618 trade setup that is near completion. If you look left, we have got our double bottom at the previous structure zone AND the market has broken and close above previous lower high, signalling a POSSIBLE...
Hello Traders, Here we got yet another 2618 trade setup that has just completed. RSI is also reaching oversold level. The major trend remains bullish. We also had a 2618 trade setup on USDCHF as well, look into the previous posts. See the chart for more details. Thank you for your time. Trade smart and Good Luck !!
Going long on this is a textbook example of the 2618 trade: Perfect double bottom after a downtrend break through neckline Retracement between 61.8% and 76.4% Fib levels Also we have previous structure and RSI nearly on Oversold. Hope you guys like it
Hello Traders, So here we got a completion of 2618 trade setup on 4 hr. The overall trend of this pair is BULLISH but we are reaching a strong trend line (Blue) up ahead and our stop is above the double top and the trend line, thus giving the trade more room to breath. Both of the targets come at previous lower highs, making it a reasonable place to take profits...
The Euro obviously is a weak currency though it rallied a couple of times the last month for no real fundamental reason . It seems it seized the opportunity to capitalise on the recent uncertainty surrounding the USD after the last FOMC statement left the market confused on its direction and after the poor NFP numbers that came out last week. Traders have been...
Something to watch for: #USDJPY doubletop,bearish diverge - W,Cyphers for long/short - D @TradeYodha (TradeYodha.com) 1. USDJPY is showing a double top bearish divergence on weekly 2. Daily showing signs of head and shoulders 3. There can be a bullish cypher too on daily 4. there is a bearish cypher on H4/Daily right there in the zone at the top where we...
Current Sentiment: Bullish Price managed to put in a double bottom divergence setup last week. For now, we will wait for a potential 2618 setup to enter based on a trend continuation trade next week. I would love to hear your opinion, feel free to comment, agree or disagree....
Just broke this pair down in my Live Trading Room. After looking at the LLLC of the triple top highs, our traders were gearing up for a potential 2618/Kiss of Death trading opportunity. As we dug a little deeper into things we noticed that if we got the retracement back into previous structure then that 2618/KOD would be bet with a bearish bat which could be used...
I noticed the gartley pattern first. As you can see the deep AB leg caused a big reversal zone. I would wait for a better entry reason, but it all depends on your risk/ratio-liking. I also noticed the double top w/RSI divergence at the C leg that's setting up a possible 2618 trade. You could ride the train down to the D completion point, but I would atleast take...
An initial test of the 0.7091 - 0.6535 range has taken place. This test could mean a temporary relief of the downward pressure. Now with this in mind i see a few opportunities to trade this pair. The first one is a so called 2618 setup. For those aggresive C to D pattern traders, the 0.618 retracement at 0.7073 could be a turning point to go long. The second one...
I'm looking for this pair to possibly develop into a 2618 trade next week. As it's just broken out of a rising wedge, I'm anticipating it retesting the lower trendline which would also be around the 0.618 retracement area.
In general, I am expecting a continuation of GBP strength the coming week, drawing support from steady economic growth with the revised GDP coming out as expected and recent labour market data coming our positive. The Japanese Yen on the other hand is under pressure with the BoJ revising their growth forecast lower and most of the recent Japanese data...