2618 Trade
EURJPY (15min) Long opportunity with 2618 & gartleyWe find another similar opportunity as yesterday to buy with completion of 2618.
The big gartley has not yet been violated and is still a signal that adds to this case.
Orders are pending, Im shooting for two targets with respect of the gartley.
COPPER 2618 TRADE2618 TRADE, after the double top completed, now we see two potential short zone 618 first but if the trend is very agressive maybe the neckline at 382 can be a short zone too
EURJPY (15min) 2618 long opportunity - Combined with GartleyWe have a 2618 playing out after D completion of a Gartley seen on 4H
Im shooting for 2 targets this time with conventional 0.382 fib of gartleys C-D leg in mind.
Orders are pending, lets see if we get filled.
EURJPY 2618/BEAR GARTLEYAlready in progress but plenty of pips left in this down move!!! WAITING FOR A PULLBACK...keep you posted
150+ Pips SELL remaining
Good Luck!
KEEP THE RADARS UP!!!
GBPUSD (15min) 2618 - Long opportunityWe find a 2618 (double top followed by retracement to at least 0.618 fib) opportunity to get long. I put my entry below 0.618 to improve my risk to reward ratio.
Order is pending, lets see if we get filled.
AUDCAD (4H) Long opportunityPrice action broke out of consolidation / structure channel to the upside. We find an opportunity to get long at the 0.618 retracement of the bullish leg. Structure and bullish trendline adds up as support.
We also see a 2618 with the double bottom followed by the break out and 0.618 retracement
Order is pending, lets see if we get filled!
NZDUSD 1hr double top on has retraced back up into structureNZDUSD 1hr double top on has retraced back up into structure. I'm short from .73224. posting a tad late, but may get some type of retracement still.
Palladium -- Missed Last Entry But Here Is Another ChanceI missed my entry on the past idea (linked below) as I was hoping to get in from the top of the potential Cypher rather than using the AB=CD for my entry. Oh well.
Here is a 2618 set-up after the double top it formed last week. It is also the completion of the faux AB=CD patterns shown on the chart . It seems to me a good place to short. I would love to hear your thoughts. Good luck!
(Don't use this as a trading signal -- I am rookie!)
XAUUSD 4H - Get ready to short with 2618As USD trembles, XAU makes its path upwards. I will enter above 0.618 fibo (see chart). Entering late will give me a better risk to reward ratio, sure, it does also decrease my chance of getting involved - but I will live with that.
Trend + structure were broken on the downside, which adds to the case with this 2618 trade.
Order is set, lets hope we get filled!
EURUSD (1h) 2618 short opportunityWe have a double top followed by break of structure to the downside, followed by a retrace to 0.618 fib - which gives us an opportunity to get short with 2618 strategy.
I trade this setup without waiting for confirmation by, for example, engulfing. However, I put my entry higher than 0.618 to get better risk to reward.
Target just above a previous structure, and potential profit taking zone, see circle.
2618 Trade Set up on EURCAD2618 trade opportunity on EURCAD.
BUY: 1.40791
Target: 1.41767
Stop: 1.39508
Good Luck!!!
AUDJPY 2618 setupsl 87.27
limit short 86.27
t1 85.2
t2 83.74
2618 trade setup (i.e. double top, break below neckline, 618 retracement limit short)
GBPUSD 15m - 2618 long ideaAnother 2618 hits the radar and order has been filled.
On a bigger scale we have a bearish cypher which favors the sellers, on the other hand we also have a trend continuation favoring the bulls (on the bigger scale).
Nevertheless, 2618 is an entry reason for me to get long on this pair today.
Lets see which side prevails this time!
2618 on Gold! Ready to short!Hey guys,
i've been watching closely to gold lately and i've found out that it basically respect structure like any other pair i'm trading. So i've decided to apply some analysis to this instrument in order to give you my particular view about it.
The black line represents a daily structure level that i pointed out last week, after the first test price action fell forming a double top that has been recently broken to the downside.
This means my bias is now short, and this may be the startinig point of a new downtrend.
In order to hop on the trend with a nice risk to reward ratio, i've outlined two "Killzones" where i'm going to pay attention to candlestick formations.
The first one is the double top's neckline and the support that's been broken ultimately, thus it's considered to be the first possible turning point.
The second one is the 2618's completion that you could take as a trade alone.
My conservative style of trading tells me to wait till i see a weakness signal on price action.
Good luck!
If you want to share your standpoint or ask questions, feel free to write below.
Otherwise, see you in the next chart!
2618 trade on EURUSDHey guys,
after banking some pips over the night on the AUDCAD trade (see attachment) i want to share with you a 2618 trade that's forming on EURUSD.
For those of you who aren't familiar with this formation it basically consists on selling/buying the .618 retracement of the leg that breaks the double top/bottom's neckline. You can see the visual illustration above.
All the entry and exit levels are displayed on the chart.
Good luck!
If you have any question, feel free to write below.
Otherwise, see you in the next chart!
USDJPY Potential 2618 Double top completed.
Missed the opportunity to short, however, if it retraces back to the .618% i may take the trade.
Will keep posted
EURUSD 2618 in progress, Gartley in the workingsSee description on the chart.
As for the placement of stops and targets;
I see these two as completely different trades with each rule set.
Hopefully, we get filled with the gartley before taking both targets.
Alternatively, we shoot upwards, continuing our bullish journey. After all, we're in a bullish channel. :)
XAUUSD 2618 trade setupsl 1227
short limit order 1206.5
t1 1184
t2 1166
2618 trade setup - short (double top, .618 retracement to enter short trade)
US Dollar index (DXY) could possibly find support around 99 to 100.5 for another bullish wave
USDCAD 4 HR Possible harmonic move? 2618We have had a double bottom and are currently over sold on the RSI
Fib inversion gives us the 1.27 at my Monthly Key level
Target area of 1.34403
