I'm projecting that this pair FX:EURAUD will drop to the DZ (Demand Zone) in the 1.5160 area. A few things we have seen so far that bring about the 2618 trade setup on this pair is: 1) a double top formation; 2) the neckline of that double top broken; 3) price retracing into the 61.8% fib region; 4) multiple trend line retests and rejections. Price is flirting...
EURUSD has almost reached 61.8% retracement of its setup bullish leg. Demand is expected to enter around this area. Limit buy orders at 1.1630, the 61.8% retracement area, and stops around previous low of 1.1528 is the trade setup. The context to the left of the chart is quite bearish, making this a lower probability reversal trade with a decent reward for risk....
USOIL has achieved a 61.80% retracement of its impulse bull leg on 30M and demand is possibly coming in at these levels. This is a lower probability higher reward for risk set up and needs to be approached with proper risk management. Targets of 3R are around the measured move area.
Double top with Bearish Divergence Looking for further downside past yellow line support to confirm downward momentum And a pullback back into a .618 retracement for an opportunity to get short and hit multiple targets This strategy could also help get in on a much bigger move to the downside on this chart
Markets continuing toward a large previous structure area that and would complete the Bat pattern lined out proving a case for short entry at the .886 retracment of X to A Pullback is also into an inverted 1.618 extension off of a double bottom that breaks structure that would confirm again an entry for shorting, in 2618 trade looking for pullback into .618...
Looking forward to buy the AUDUSD 2618 pattern at the H4 timeframe
hit me up if you have any questions...... we see these trades at the end of TRENDS and the is a good sign TREND CHANGE.
After Gold completes the long-waited bullish bat pattern, here we got this little intraday hourly 2618 confirmation trade. It will be a worth taking trade as this is what I'm waiting here, and the market did give the reversal sign. So at least it worth a shot to take a intraday long here, which is not too crazy with only about 35-40 pips risk. Let's see...
75+ Pips BUY Good Luck! KEEP THE RADARS UP!!!
Looking long in the weekly chart for GBPCAD good 2618 pattern develop and we looking to ride the 5th wave for this trend
After forming double top pullback to 61.8 level We can sell it again with 2618 trade setup and look for setup entry on smaller TF. first target on the previous low and final target on the black line.
Looking at a potential 2618 pattern formation for GBPJPY on H4 looking forward to short the pound at the 0.618 of the fibo retracement. This pattern will complete the leg extension for a bigger gartley pattern at weekly timeframe
Price couldn't break 61.8 level confluenced with 1.272 level. after make a double bottom, price break trendline, and now pullback. we can take a buy position. final target on chart
100+ Pips SELL Good Luck! KEEP THE RADARS UP!!!
For those who missed the double top, there's another chance to get involved in this pair. If the EURUSD rallies up, there will be a potential bearish 2618 setup for a more conservative approach. RSI is showing some oversold condition, which suggests a possible rally, but there's no guarantee though.
In the 4H chart, the EURGBP has 2 trading opportunities : a potential bullish Bat pattern and a potential bearish 2618 trade setup. RSI is showing an oversold condition, so best case scenario will be buying the Bat pattern and then selling the 2618 trade. Pick your poison.