eurusd double bottommarket made a double bottom and will be looking to enter after the retracment to 0.618 fiboancci level of the newest leg
2618 Trade
2618 or 3618 oppurtunity in GOLD 4HThere are double/triple bottoms formed already in GOLD 4H. Currently the price has been rejected by the resistance structure on top it. This would be a good 2618/3618 opportunity, let wait and see the kindle reaction at 0.618, and get ready to OPEN LONG. The TP/SL could be set to near the resistance structure at the top/bottom in the chart.
#EURUSD Possible 2618 Entry on Retest after Pattern Completion#EURUSD Possible 2618 Entry on Retest after Pattern Completion
#EURUSD Throwing Possibility of a Cypher Pattern too#EURUSD Throwing Possibility of a Cypher Pattern too
EURUSD - Bullish 2618 Opportunity In yesterday's Forex Market Preview video we took a look at the affects that making simple trading mistakes could have on your trading. In that video I used the double bottom as and example and discussed the importance of waiting for confirmation.
Well for those traders who are looking for an even more conservative approach to getting involved in the markets, the 2618 trade is about as conservative as it gets.
What you'd be waiting for is a move back down into the 61.8 Fibonacci retracement and either entering aggressively with a limit order at that level (or in that zone) or having that be the start of your "Kill-Zone" where you can then look for you entry reason.
If you're unfamiliar with this trade make sure to visit our site as we have a free training video on it. Good luck this week traders. I'm looking forward to seeing if I can throw together a positive week after getting somewhat beat up by the markets this past week.
AUDCAD: Back -to-Back-to-Back? Here's What's NextAfter being one of my top performing pairs a year ago AUDCAD has been someone disappointing in 2016 when it comes to providing opportunities. But finally it looks as if it's getting back to form giving us a 3rd potential trading opportunity in a row. This time in the form on a potential Bearish Advanced Cypher Formation.
USDCAD SHORT AND 2.618 TRADEI do think that the CAD will eventually be stronger then the dollar so i'm anticipating a ABCD playout with a run back into resistance for the last time. If the pattern completes and the resistance holds this will be a very profitable trade with an awesome risk reward ratio. These are the ones we go for!
short gold off 2618 gold broke out of its correction and has topped forming 2618 time to short target below the structure
AUDCAD: Another Successful 2618 Turned Potential Gartley We saw this earlier in the week on the DAX, but chart above features a completed 2618 trade that is now looking to potentially complete a bullish Advanced Gartley Formation down at the .9957 level.
This type of trade represents a perfect example of when to use a "Stop and Revers" (SAR) in order to liquidate the remained of the original positions and immediately get involved in the new one.
With this being the last trading day of the week I'm interested to see how things play out. I'm having a good week thus far BUT I've got a few positions open on YEN pairs that are holding a lot of risk so the numbers can easily flip.
As always I'll keep you guys updated in my next video.
Good luck out there today traders. TRADE SMART
DAX: PERFECT 2618 TRADE TURNING INTO A POTENTIAL BAT FORMATIONNot too much on my Forex watchlist so I took a few minutes to scan through a few other markets just to get the eyes warmed up for today's trading (going off of Charles Warroom Topic of "hitting the trading gym").
Price action on the DAX typically works very well with my style of trading so I love performing analysis & making predictions on it.
What we have is a picture perfect 2618 trade (in pink) that is now setting up a potential Bullish Advanced Bat Formation. For traders who take secondary targets on the 2618 this is a perfect example of when to use that "Stop & Reverse" technique to liquid one position and involved yourself in the next.
Good luck in the markets this week traders as we begin our final stretch of the 2016 trading year.
USDCAD 2618 (3618?) trade setup on hourly chartWe failed to make a new higher close on the daily chart. If we go to the lower 1H timeframe we see a triple top and break of structure to the downside. Therefore looking to short this as a 2618 trade again at the 61.8 fib (technically it is a 3618 ;).. but I dont think that terminology exists). So a good chance again after a failed 2618 trade on the 4H this week (stopped out at 1.3281.. madness).
USDJPY: Bullish 2618Hi Traders,
Hope you're all doing well this week. Here is a bullish 2618 opportunity on USDJPY. This is a reversal pattern and a countertrend trading opportunity.
See the red and green boxes on chart for my PLANNED entry and exit levels for the trade. Knowing where you will enter and exit BEFORE ENTERING A TRADE was the main factor that allowed me to reduce emotional impact on my trading decisions.
Have a great weekend,
Luke
USDCAD - Bearish 2618+++Follow & Like+++It's good to be back guys :)
Today I want to share with you a trading opportunity that I'm currently involved in.
Last week market has put a 2618 bearish setup on 4H USDCAD, but I didn't enter it simply because it was after my active trading period and I don't trade always 2618 base of 0.618.
I've entered right at previous structure shelf to the left.
Stops are above the Double Top and above the major structure level to the left. My target will be the retest of cycle low (a couple pips higher because it is an even handle number).
I got more than 1:2 Risk/Reward - I can take such R/R any day.
Entry @ 1.3190
Stop @ 1.3277
Initial Target 1 @ 1.3002
Good Luck!
USDCAD 2618 tradeAfter the 2 targets hit on the bullish bat this has now brought us to the 618 area of retracement following the recent double top impulse leg down and retracement for a 2618 trade.
as for tragets seeing as the 1.29993 level is the most recetn bit of strucutre/reversal point will see if we continue down to this area first
