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2618 Trade

2618: following the bigger trend on EURNZDHey guys, EURNZD is in a very strong upward trend, you can see that by looking at the daily chart over the last month or so. A series of higher lows and higher highs certifies that trend and i want to take advantage of that by looking at long opportunities down on the lower timeframes, but only in the zones that i think are most important, like daily structure. Here you can see a yellow box representing a big structure zone that i'm paying attention to. Here, on the hourly chart, price went oversold and created a double bottom followed by a break of structure to the upside. This creates the condition for a 2618 trade and i'm taking this long if price will retrace at that level (blue line), with stops and targets as shown above. If you have any idea/question, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Bear Cypher Opp with Bearish 2618 optionSometimes strategies come in multiples. If one strategy doesn't complete, there may be one inside the other. In this case, The Double Top formed which triggered a series of moves that formed the advanced Cypher Pattern on Price's bearish descent. As this pattern formed, the 2618 was already an expectancy following the Double Top. As much as I want that Cypher, I can easily settle for the 2618 if price action doesn't fill the advanced pattern above.
by Timcqueen
AMD, Another 0.618,2618, and inside day combination One month ago I posted this trade on TradingView and it became one of the most powerful education material for 2618 trade; This time the 2618 looks even more significant, and it could be another chance to long. Noted that whenever using inside bar as confirmation entry, a 1:1 1st kick of the inside bar itself is a MUST. So there are actually 2 trades possible: 1. inside bar breakout 2. 2618 entry right here. A higher winning percentage needs a larger room for the stock to run and means less position and longer duration; A great risk-reward ratio with smaller risk allows larger positions and faster result, while it could be stopped out more often. Both are meaningful but they are at the 2 sides of a scale, so find a good equilibrium and a most suitable way for yourself is more important.
NASDAQ:AMDLong
by Trader_Joe_Lee
2618 on AUDJPYHi guys, this is a crucial zone on AUDJPY and i was monitoring this specific price level because we've had multiple structure points on the daily. Therefore i was looking for a buying opportunity, since the overall trend is bullish. When i went on the hourly chart i noticed a double bottom formation followed by a break of structure to the upside. This gives me reason to believe we're heading higher, and i entered at market with stops below the lows, and targets as shown. If you want to ask questions or share ideas, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1