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2618 Trade

EURUSD Approaching 2618 Sell ZonePreviously We looked at a potential 2618 trade set up when the EURO was finding its support. Not that we've found it price has been making its way to a proper sell zone being at the 61.8% retracement level. Currently we are stalling at the 50% level but soon to be tested again after breaching the 32.8% level on its way to the upside. The anticipation for price to reach our selling point this week is high just keeping an eye out for these levels to be tested. The outlook for this trade is highly probable just waiting for price to come back to retest the level of resistance created a few weeks ago. However if we end up surpassing these levels higher highs can be anticipated or a retest of our current structure high. Be weary and watchful while price provides for good entry but the execution is up to us. Thanks for reading! Feel free to like and leave a constructive comment. Trade to Gain. Trade to Win!
Short
by Alexkly
EURUSD 4H Potential 2618 Pattern Formation?After the Euro has formed its High after the big rally, it created a double top also known as a reversal indicator. Looks like it has found a support level @1.2212 level. A good possibility for potential entry is if this pair makes its way back to the resistance level of 1.2394 which is also a selling opportunity. The 2618 Pattern recognizes the 61.8% level as a high probability bear signal. Which is in confluence with the resistance level signifying the strength of this level and perhaps its magnetic capabilities to draw this pair back up to this level. Time will tell of the opportunity we see, patience is key. Perhaps if the market moves in extremely predictable moves we can even draw a bull position up to these levels to snag extra profits. However as we all know the market has a tendency to surprise us in its movements and this is no exception, even though the set up is quite beautiful if filled. Keep an eye out! Thanks for visiting this article! Hopefully you found this helpful! If so please like or comment, your feedback is appreciated!
by Alexkly
GBPUSD DAILY - 500 PIPS OF SELLING OPPORTUNITIES PART 2Just to quickly follow up on yesterday's post, our double top has made it's way down to retest the previous swing. This is what I consider a decision point, meaning that I would expect to see a fight between the buyers and the sellers to either project and hold that level or violate & push through. If we indeed get a violation of that level it would set up very nicely for the remainder of our prediction. To see the original post please see attached chart below! Akil "As I predicted yesterday, the City of Philadelphia has been burned down after a Superbowl victory by the Eagles
Short
by Akil_Stokes
6
RIPPLE FAKE COIN DOUBLE TOP BUYI dont like XRP to be honest. In my opinion its marketing and idea behind it is to raise its market cap and buy all the other REALLY important cryptos with much higher potential for growth. XRP and its utility in my opinion is not able to reach such high prices as eth or monero or whatever. We might stick in the 1-10$ range. Hopefully I will be wrong and many people will become richer and richer. BUT DONT FORGET ITS CENTRALIZED by WHO DO YOU THINK ??? (Think twise before answering yourself that question) Anyway XRPUSD meets my trading condtions and rules. We have double topped fib retracement some level of support RSI oversold will see how it goes. GOOD LUCK $$$
BITSTAMP:XRPUSDLong
by TG_Advisory
15
Hey AMD fans here I am, a bat and 2618 combination.It's already the 5th month, AMD has been a very significant example for harmonic patterns trading! The latest butterfly pattern with a inside week breakout combination worked well, and after it finished a daily double bottom, here comes another trading opportunity. This one looks so alike with the 1st trade at the end of August, too, both gave a double bottom as confirmation entry. In terms of 2618 trade, we really need to see a clear pullback before trying to draw a 0.618 retracement, and let's take the drop yesterday for example to express this idea, while if it's still able to make a new pivot high, this trade remains there (but needed to redraw) . I'll also make this article updated if there is anything significant happening. Let's see how it goes! -- Thanks for all the followers and responses, it's amazing that there suddenly goes more than 500 followers! I believe many of you know me by these AMD articles (as they are by far my most viewed posts) I would really love to interact and discuss with you more, and welcome to check my Traditional Chinese/Simplified Chinese version of TradingView if you can read Chinese. There are also a lot more different trading ideas posted there! (I am also the 1st and only one to "freestyle" as a tag on Chinise version of TradingView lolllllll) tradingview.go2cloud.org (link to TradingView live chart) Welcome to click it as a like button for this article~
NASDAQ:AMDLong
by Trader_Joe_Lee
4
EURUSD bearish 2618 on h4Hi traders eurusd might gives an opportunity with a bearish 2618. After eurusd made a DT (double top) and break structure to the downside passing the "valley", it retraced to Fib618 entering the potential reversal zone. Well at this point, it is close to be a short opportunity BUT in my case the SL is too wide for the maximum allowed, so, I need to wait for market to either go up to reduce my SL or make another DT on lower time frame (LTF) h1. As always, comments are welcome --------------------------------------------- "Build a plan, follow it consistently" Regards Rafael
Short
by rafo05
3