A long-term trade plan for Pound is as below: The 0.618RET of previous rise is at 1.269 level which is also the neckline of the previous double bottoms. Additionally, the good Weekly Demand Zone is at 1.259-1.270 levels. So it is good to buy at 1.260-1.270 levels when the price pulls back and gives signals in the PRZ. SL: below 1.258 TP1: 1.330 TP2: 1.410 TP3:...
The bullish AB=CD pattern will complete at 1.643 level and the bullish 2618 pattern finished at 1.660 level. Meanwhile the 1.618REXT of B-C is also at 1.660 level which is also the 0.618RET of the previous rise. Additionally, the good Weekly Demand Zone is at 1.658-1.662 levels. So it is good to buy at 1.658-1.660 levels when the price pulls back and gives signals...
Price complete double bottom and break neckline. Buy setup will be using 2618 trade setup on retesting neckline or 61.8 retracement level. SL below double bottom, Target on chart
Lookng at Ethereum 1h we see a double bottom and a possible pullback to 0.618 which completes the 2618 trade setup. Enter at 355.6, SL below 345, TP1 398.
BTCUSD has a nice little pullback from 8,500, about to hit the 0.618 retracement of the previous rally. Also, there were strong structure at 6800 before and it never been pulled back since the breakout, that makes this 2618 long more conviction! Let's see how it goes!
A possible 2.618 trade on USDCHF , good to buy now.
On the weekly chart we can see price rejected on resistent level which is structure neckline. we can take a short position on smaller Timeframe. short when price pullback to the blue zone will a good entry.
Previously we've seen a double bottom form and the neckline has since then been broken. This means a 2618 trade is in alignment. Price has formed a high at 149.331 and has now retraced to 145.907 which is our 61.8% Fib level. I take aggressive approaches to these trades, so i had buy orders set directly at the 61.8% level and now we look to take profit at 150.00...
The cryptos had a nice rally recently, most of which formed daily double bottoms like this ETHUSD. Accordingly, it pretty much decreases the bearish mindset a lot, and there will be some following buy-low strategies . This 4hr 2618 and demand zone combination long will be effective only if the red bearish gartley successfully makes the pullback from here. While,...
Looking to sell USDCAD to potencial 2618 trade, perfect double top second impulse longer that the first at 0.618 fibo retracement. First take profit based on support and second on the 0.27 fibo retracement
Double top with a pull back into the 618 looking for a rollover and possible downward trend continuation Lots of support structure at this level as well which in a bearish trend should become resistence Plan your trade trade your plan!
On the previous weekly chart we can see 2 candle rejection and make a double top formation we can try to find opportunity to sell this pair. for the rejection candle we can sell when price retrace 50 percent. Or we can sell using 2618 trade setup when price pullback to level 61.8 so we can wait on the area of 0.5 - 0.618 to sell. the first target price ie the...
We already success our previous trade with 2.618 strategy, now its forming a H&S pattern. Next trade options : - Aggresive : Buy Now - Not Aggresive : Buy when price break the H&S resistance Im currently using the Aggresive setting, and probably adding position when break the resistance. Please consider your trading strategy and risk management to...
USOIL went for a deeper correction and reached 61.80% retracement of its setup bull leg. Bears look very convinced at this point and going lower here could initiate a swing break that would put a lot of pressure on the longterm bull trend. Judging from previous behaviour, market inertia should take hold here and demand should be flowing in anytime. Higher TFs are...
2018-7-17 A simple 2618 Trade set up: 1. EUR/AUD been moving sideway after previous BO 2. Price has been retesting the BO level 3. A Double bottom has formed and we entered at Fib 618 Retracement Targets at Previous Tops (As shown) SL below Previous Lows
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP back to point C Between A to B we can see a minor 2618...