2618 Trade
AUDUSD - Possible 2618 trade after wedge breakoutIf price goes down and reverses at 0.72 - 0.721, it will be a great opportunity to join a possible new up trend.
(D) Eventual 2618 // IF=THEN ®FX:EURAUD
Double top;
Broken Neck;
Retracement; (we need a 618)
We have them all, double top followed by a broken neck , found some support @1.444$ and a pullback ...
Now, we have a strong pressure zone @ previous "Neck" price zone (aka resistance) , and IF we get the 61.8% retracement, i will search for eventual short opportunity;
Also a eventual ABCD pattern, but we need a confirmation of B to C leg that can terminate on any fib levels from 38% to 78%;
Safe Trades;
GBPUSD: Selling OpportunityHi Traders,
Here is a valid 2618 setup.
Entry: 1.47010
Stop: 1.47510
Target 1: 1.46410
Target 2: 1.46130
Luke
EURUSD - Potential Trend Continuation Opportunity 15 MI have my eyes on a potential 3 drives pattern on EURUSD 15 M, that is aligned with 0.786% Fibo of the last bearish move. If we add 1.618 Fibo Extension of the 2nd wave, look left you will see a small structure zone. If we combine all then we will get a nice kill zone.
In this kill zone I'll be looking for a short entry - the more conservative you can wait for Double Top or perhaps 2168, the more aggressive of you can enter once price is in the kill zone - you will get more than 1:1.5 R/R.
If you're patient you will get a nice Trend Continuation Opportunity.
Good Luck.
EUR AUD Another possible 2618 Setup Following on from my other idea where i am Currently short ther is another possible set up happenign which means my second target goign short might need to be adjusted.
will see, we have had a double bottom, broken structure and had our impulse leg which is the 618 point on the short trade
EURAUD Daily 2618 setup Was looking thorugh some old ideas from a few months agao and came across a 2618 set up that has now reached the right levels
So I have 2 targets with a tight stop good RR will see how it plays out
2618 trade with possible bearish Bat pattern on EURCAD 4H2618 trade with possible bearish Bat pattern on EURCAD 4H. Looking to engage into the trade in lower time frames.
2618 trade with possible bearish Bat pattern on EURCAD 4H2618 trade with possible bearish Bat pattern on EURCAD 4H
(2H) Update: Double Bottom followed by a 618FX:EURJPY
This is an update to my previous published idea:
Safe Trades;
EURJPY 4H DOUBLE BOTTOM 2618 TRADE @ 122.70Hi guys,
Here, I am looking for a reversal. The market was in a nice bearish move but this double top has now occurred. There has already been a break at the top of the double bottom so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I will have a buy limit in place at that level. This trade is known as the 2618 trade.
My stop loss will go below the double bottom and that level has also held good support in the past. My first target will be at the low of the break and my second target will be at the next support/resistance level. IF the first target is hit, I will take off half of the position and move the stop loss to break-even for the second half of the trade, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 150 pips x 2 = 300 pips
Reward #1: 180 pips. R:R = 1:1.2
Reward #2: 360 pips. R;R = 1:2.4
Plan your trade... Trade your plan.
Yen still able to make more down move before retraceHi traders,
Simple and quick decision for me this time.
2.618 strategy (double top followed by 0.618 retracement)
Volume shows less interest in upmove.
So i'm going to sell this soon
Good Luck and Trade Wisely
EURUSD 4 Hour: Potential Bullish 2618 (Part 2) Higher SupportYesterday I mentioned that we have the potential for a bullish 2618 opportunity on the EURJPY 4 Hour. As we dug down to our intraday trading timeframes in yesterday's Live Trading Room session we identified another level that could end up giving us our first chance at getting long.
We'll see what the market has in store for us today, but this could end up being a similar situation as the example I provided in last week's trading video about EURAUD and how it's okay to look for multiple opportunities during a retracement
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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EURJPY 4 Hr Double bottom / possible 2618 setup We have had our Double Bottom and broken structure with our Impluse leg.
We are in teh oversold area of the RSI as highlighted.
Now im watching 2 areas for this outside return the .382 has shown previous support so could see a bounce from this level like we have very recently or we could come back down to the 618 area
will be watchign with interest for an entry
