NZDUSD Sellprice pullback to 61.8 level after break the neckline.
so we can try 2618 strategy to sell this pair
2618 Trade
GBPNZD: 2618 Trade and Bullish Libra PatternAlthough the UN's election gived GBP a hard hit, still bullish opinion is held on GBP/NZD.
The double bottom formed and the market is pulling back the 0.618RET where also a good Demand Zone locates.
Meanwhile the strong support also works at this zone.
Additionally, the bullish Libra Pattern is forming.
Maybe it is a long term buying opportunity.
So it is good to buy at 1.750-1.763 levels when the price pulls back again and gives signals in the PRZ.
SL: below 1.740
TP1: 1.874
TP2: 2.0 and further more
Australian Dollar: 2618 Trade After Bearish AB=CD/Double TopA bearish AB=CD pattern completed and seems to be respected with price making a double top. I just entered short @ 0.7459 (this chart is delayed but it is the current market price), which is the .618 retracement of the drop since the double top. My stop is 0.7567. Wish me luck!
2618 on EURUSD!Hey guys,
this is a 1hr chart on EURUSD and as you can see price is still in the yellow box that represents a resistance area. I've already shorted this pair two times in the recent past (one with target1, one at breakeven). And it's now creating another short setup, in the form of a double top broken to the downside, this signifies price wants to go lower and a 618 retracement is a good place to sell, according to the 2618 strategy. The background conditions on the daily are still the same. Bat Pattern completed and structure zone.
Let's see how this plays out. Stops above 1,13, target1 at the retest, target2 to be determined.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Another short on EURUSD? 2618 trade!Hey guys,
this is a 1hr chart on EURUSD and as you can see price is still in the yellow box that represents a resistance area. I've already shorted this pair two times in the recent past (one with target1, one at breakeven). And it's now creating another short setup, in the form of a double top broken to the downside, this signifies price wants to go lower and a 618 retracement is a good place to sell, according to the 2618 strategy. The background conditions on the daily are still the same. Bat Pattern completed and structure zone.
Let's see how this plays out. Stops above 1,13, target1 at the retest, target2 to be determined.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
EURUSD: 2618 TradeThe market has broken out the neckline of short-term double top and is pulling it back now, although the upward trend line has not been breached.
A good short place is at the 0.618RET where also the Supply Zone works.
So it is good to sell at 1.125-1.127 levels when the market pulls back and price action gives signals in the PRZ.
SL: above 1.128
TP1: 1.123
TP2: 1.121 and further more
AUDUSD 2618 Strategy2618 Strategy Trading Setup
Criteria:
1) Double Top
2) Break of structure (neckline) to the downside
3) 61.8% retracement of AB leg
4) SELL order at C point
SL:
5-10 pips above DT
TP:
1) next structure level, probably where B is pointed
2) 1.272% extension of AB leg
With regards,
Michail Sideris
(4h) Double Bottom Followed by a 618% retracement - Bullish 261812h published chart:
Educational:
Safe Trades;
EURAUD - False Breakout Head & Shoulders/2618 Retest This was one of the more interesting pairs that we looked at today as it featured a lot. Starting on the higher timeframe it's important to realize that we have failed to break above our previous level of structure resistance. Therefore what seems like an obvious bullish flag formation may not be as appealing as it once seemed.
I'm looking at this as a potential false breakout due to the fact that after trying to rally above the highs of our channel, we've returned and passed it's midway mark. Now I've never tested this personally as I'm not much of a breakout trader but trading legend Linda Raschke warns to be aware of this.
if this is indeed a false breakout then a rally higher would give us 2618 opportunity competing at the same level as the left shoulder of a head and shoulders pattern. Giving us to reversal patterns at the same level.
Seems interesting to me.
AUDUSD: 3rd Strike 2618 Opportunity AUDUSD was the first of 2 2618's shown today. As mentioned, I had previously been a fan of the higher level of structure resistance (red box) and although I couldn't involve myself in the initial test, was able to use an advanced pattern formation to get involved on the retest. We now have the potential for a 3rd strike of that level in the form of a 2618 trade if price action were to rally up to the .7480's level.
Overall I'm still neutral on this pair meaning I don't have a firm bullish or bearish bias bigger picture.
eurusd 2618 trade set up short possible short has come pass the 61.8 allows for better entry use your own extra confirmations if necessary
AUDUSD ShortAfter Bat pattern, Aussie make a pullback.
i look for re-enter on 2618 strategy.
let's see
(1h) Bearish and Eventual "false" 2618 setup / Shark ConfluenceFX:EURUSD
Why False? Check educational links below for the double top/bottom definition *
Safe Trades;
EURAUD Shortas price break the neckline. i will take short position if price pullback to the structure.
GBPUSD HARMONIC COMOBO+2618GBPUSD HARMONIC COMOBO+2618
GUYS, Last week we capture the
short from 1.2980 and the long from 1.2850
win 140 pips from the short
and win 80 pips from the long.
what's next?
BINGO! THE 2618 TRADE is coming
Le'ts Short from 1.2933
And aim fro 1.2850 / 1.2760
Corn: Bear Flag Under the TrendlineLooks like a flag to me.
My indicators do not yet align with the idea on this time frame...I will update using lower time frames below.
Also note the bearish 2618 set-up which completes @ 393.
If you have any comments or feedbacks on this idea or your own view on Corn, please share!
