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2618 Trade

EURJPY - Bullish 2618+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish 2618 Setup on 15M here on EURJPY, and I think this is perfect counter trend trading opportunity . You may ask why? We don't only have a conservative entry reason in the face of this 2618 but we can stack on it. The Double Bottom(foundation of 2618 Setup) is right at Structure Low - look left on HTF (1H). The 0.618% is right at the V of the Double Bottom - and our kill zone start from there. Not to mention that on left Bottom we have a RSI under 20 with a RSI DIV on 2nd Bottom. You can enter aggressively right @ 0.618 or you can look for alternative entry reason - either way you choose you'll get more than 1:1 Risk/Reward. No matter how perfect this setup is, stops are below this Double Bottom and 1st Target Retest of the cycle high - you can shoot 113.30 for 2nd Target. Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! bit.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
EURUSD: Technical Analysis before tomorrow's News ReleasesHere's a chart of the analysis that I did in tonight's video showing you how I would conduct my technical analysis on the EURUSD prior to tomorrow's Jobs report. I don't even pretend to know or predict what the outcome will be. All I can do is attempt to stay one step ahead of the markets by preparing any potential trading opportunities before hand instead of reacting emotionally. Video of this analysis: www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
by Akil_Stokes
12
BEAR CYPHER AND 2618 ON XAUUSDHello traders, we're looking at 2618 trade here at XAUUSD H4 chart..After this pair double top and failed to make a new structure high, the price has 'broke below and closed below' the previous low..This indicate us that the price have intention to go lower as RSI shows bearish divergence..To trade the 2618 we can sell at least at 0.618 retracement as shown above..There's also a potential bearish cypher pattern formation that will complete at 1361.06..So I think the area in the orange box is the best place to sell..Good luck and good trading :)
FX:XAUUSDShort
by Z_Afiq
2
NZDUSD - Beairsh 2618+++ Don't forget to LIKE & Follow+++I got filled in this Bearish 2618 Setup on 1H, here on NZDUSD. 2618s provide conservative way for entering in counter trend opportunities. This particular 2618 is really good because we can target 1st target at current cycle low - look at that beautiful Risk/Reward factor for 1st target. For 2nd target we can shoot for the previous structure - we will get deep correction move of last upward wave(blue one). Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! ow.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose
NZDUSD: Potential 2618/Structure ShortJust shot a video breaking this one down to our Syndicate members. What we're looking at is a potential 2618/Structure short opportunity on the NZDUSD. IF we get a break & close below our previous structure lows (see last bearish candle), we will be given multiple ways to enter this short opportunity, both involving waiting for a retracement back into our previous double top formation. Ultimately based off of my daily chart analysis, I would predict a bearish day tomorrow and a potential move down to the 0.7120's to 0.7060's level before seeing some more bullish involvement. I'm not currently involved in this move, but will certainly have it high on my trading radar as we move into Tuesday's trading session. I'll keep you guys updated if anything changes that is worth noting. Traders looking to potentially get involved tonight just keep an eye out for NZD Inflation Expectations news 11pm NY Time (as there are still high expectations of a Rate Cut in a few weeks) & RBA Cash rate/ Rate Statement Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Akil@TradeEmpowered.com Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
Short
by Akil_Stokes
18
CadJpy coming close to 618 retracement, extremely oversold.There's not a great deal of analysis behind this trade, it's coming from a sort of double bottom, it's approximating the 0.618 retracement and it's way oversold in h1 and entering oversold territory on h4. Even if we merely get a dead cat bounce there, we should have time to move stops to breackeven. I've never seen a price not bounce even a little with an RSI below 13. Targets: the yellow trendline and then let it ride free..
Long
by IAmAgainst
EURUSD - Bearish 2618+++ Don't forget to LIKE & Follow+++I've spotted a Bearish 2618 setup(with RSI being OB+RSI DIV) at market here on 1H, EURUSD. Stops above the higher high of that Double Top Formation and I'll be looking for a targets retest of the last cycle bottom.This setup is providing more than 1:1 Risk/Reward ration - a nice counter trend opportunity. If you wait price going higher then you would get even better Risk/Reward. -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! ow.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose
3
2618 Trade Doller Swiss FrankfurtI have been seeing great 2.618 trading setups in the forex markets lately. This one seems to be a good one as well. It's a bullish setup, buying when it hits the .618 after a double bottom. This one has already passed the .618 and is at the .786 fibonacci level. Making it a better position. Though this 2.616 pattern is a little different. I am only posting this trade setup mostly because this setup breaks the previous high at 0.99039. . I am not sure if this still makes the pattern still valid or complete, so I want to see how it goes. If it goes well or south, still gotta give credit to the people at tradeempowered.com finding and back testing patterns like these.
Long
by JackDale