2618 Trade With Cypher & Bat Completion at same Price Sell GBPJP2618 Trade With Cypher & Bat Completion at same Price Sell GBPJP
Guyz same situation just like gbpjpy both trade sell with double confirmation
2618 Trade
Cypher Completion With 2618 Trade TCT NZDJPY Short Cypher Completion With 2618 Trade TCT NZDJPY Short
We Have got a good risk to reward trade with double confirmation let trail this to its end
EURUSD Possible 2618 on the Daily So have been looking at other possible ways this pair could move.
Now if we look at the Monthly Chart we have had our Double Bottom and impulse leg up and a start of a retracement. And will be looking for the 618 retracement to get long.
This idea is all speculation but just a look at a possible path to how we might get there. So from the 4 hr chart we have seen some bullish movement and I feel that we will see a bounce up to previous highs of around the 0.79064 level. This would give us our double top on the daily and for this to be a 2618 type trade we are going to be looking for that impulse leg down to the 618 level and then the bounce up.
As you can see with my trend line it shows where the 618 level on the Monthly retracement would be which imo would also be a fair assumption of where we could see this double top retrace to and then bounce.
(Daily) McKinley Gartley & Ralph Elliott // IF=THEN ®FX:CADJPY
Double bottom. It can work as reversal, but first things first, we have a neck to break, that will validate the double bottom;
I think the Bears still are on control, we have no divergence on RSI and IF so, we have a cluster zone where the price "should" land around the $74 and $72; (4h chart showing strong bears pressure...)
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
Check links below
Safe Trades;
EURGBP 2618 Trade possible As per my other Ideas around the EUR pairs
double bottom, structure broken, wait for the 618 retracement and move to the updside
2618 EURAUD Possible 4 hr Similar to my Idea on the EURUSD 4 Hr Chart
we have had a double bottom, structure broken, pull back into teh 618 area and then tend continuation the upside.
SHORTING AUDNZD I have left everything on the chart for you guys/girls to read. if you have any questions just send me a message and i can help out sure thing.
Just want to shout out to Akil Stokes and Jason Stapleton for great material. Go check out there free stuff! They have by far the most valuable trading information on the planet and 99% of it is all free
Possible 2618 on the 4 hr So after yesterdays News release its changed the flow and trend of this pair.
We came right back down into previous support levels and bounced right back up and broke struckture to the upside. With this move it could now signal a change in Trend.
Possible retracement back down to previous support around the 382 level but also the possibilty of a 618 retracement before a further rise
AUDUSD 2618 TradeAUDUSD 2618 Trade
Wait for price pull back to 0.7489 and short
This will be a 0.618 pull back
+ the trend line retest
SL: 0.7540
TP1: 0.7426
TP2: 0.7244
TP3: 0.7100
Please take a look at the previous NZDUSD 2618 Trade, it looks the same!
Long AUDCAD 2618 ON 15 MIN AND PREVIOUS RESISTANCE NOW SUPPORTLong AUDCAD 2618 ON 15 MIN AND PREVIOUS RESISTANCE NOW SUPPORT, WITH HIDDEN DIVERGENCE ON RSI GOOD RISK TO REWARD HOPE TO SEE IT 1.0000
(D) Double Bottom // The Weekly Neck // Gartley // IF=THEN ®FX_IDC:CADJPY
. Double Bottom @monthly&weekly support;
. The Neck @ weekly resistance;
*Double bottom is only valid if the price break the neck;
. Bullish impulse:
- IF this is the 3th wave, it "should" terminate around the 161% extension, close to the neck, and then a small pull back expected that can't cross the top of wave 1 forging wave 4, and... wave 5=wave 1; (by default)
Between 89$ / 90$ >> The Gartley is completed, start looking for divergence on that price zone for an eventual short;
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
* Risk/Reward - SL above point X, look the structure...
Extra trade setup:
The 2618 Bullish trade IF the Gartley offer us the 2nd take profit target zone around daily support @82.81$ - again, once there, start looking for divergence for an eventual buy;
Check educational links below:
double top and 2618 - how to trade it...
default elliott waves behavior...
rsi divergence...
and harmonic patterns ratios;
Safe Trades;
EURAUD Structure based idea and a 2618 on the dailyBeen watching for the last week or so and trying to get my analysis better, more on point to get teh best possible risk rewrad from my entries.
Ss looking at this impulse leg Im expecting a pull back to teh 618 level before a further rise.
On the Daily we have had a Double top form and impulse leg down and broken structure and now finally have some bullish movement. So ont eh the daily im exepcting a rise from these levels
(1h) 2618 in place // Harmonics // IF=THEN ®FX:AUDUSD
Double Top followd by a 61.8% retracement;
Target the Extensions, look left, "structure leaves clues" ;)
At the other side of the coin, an eventual bullish momentum can send the price aboveprevious high's with a 5 waves impulse:
wave2=61.6% retracement, we should target an extension of wave 1 into the 161% price zone, then a retrace that can not surpass top of wave 1, end finaly wave 5=wave1, this will target @0.72800$;
Remember, nothing in life is guaranteed;
Safe Trades;
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AUDUSD: Multi SetupGood day everyone!
We have a very nice 2h AUDUSD chart ready for the next week. 0.7243 is a key resistance level and 0.7010 is a key support level. In addition there is a very nice diagonal support (red trend line) which was broken recently. This is an overall view of the chart. Now let’s go in depth and build our setup.
There is a very nice bullish Bat pattern which is almost completed. The completion level is 0.886 fibs of XA leg @0.7091 which is a nice support level as well if we look left. The red rectangle at this level is our PRZ (Potential Reversal Zone) where our buy limit order will be placed and stops will go about 15-20 pips below X. The best entry zone will be between 0.7110 and 0.7091. Our first target will be 0.382 Fibonacci of AD leg @0.7156. If we look this level carefully this level is a neckline of a double top, left top is A point and the right top is B point; so this will be our potential target 1. The second target is somewhere in 0.618 Fibonacci of AD leg 0.7196 and resist level 0.7156. Now comes a very interesting setup, where we are going to go short. The current setup is called 2618; which means the price has broken a neckline of double top, then it reversed and hit 0.618 fibs level which is a signal for bears to wake up. So we will do, our sell limit order will be placed at this reversal zone and stops will go above the key resistance level 0.7243. Our first target will be 0.7091 and the second target will be the key support level 0.7010.
For additional confidence look at RSI, the price is at the OS (oversold) level, if we look left we see that this level acts like a support. Besides there was a divergence for double top pattern.
In conclusion, this is our technical analyses for AUDUSD. Good luck and let’s see what the market does.
--
www.rcpforex.com
INFOSYS "2618 Bearish Strategy"2618 Trade setup stands for two key things,
1. Double top confirmation
2. 61.8 Retracement
Both the above conditions are fulfilled and in my opinion it should go down to 1020 levels.
Key breakout will be at Target 1
EURNZD: 2618 & Bullish Cypher PatternNot a pair in my portfolio but this is one that Jason Stapleton talked about in yesterday's WarRoom Meeting. Initially he was looking at a potential bullish 2618 opportunity, but we now also have a potential bullish Cypher pattern completing in the same killzone.
Syndicate members, remember that there in no Warroom this morning but you do have access to both our London & New York session Live Rooms. See you in an hour or so!
Also it's Thursday so keep an eye out for my Weekend Review video. Today I'll be looking at how to attack the market during directional movement.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
(2h) Harmonics & eventual 2618 // IF=THEN ®FX:AUDCAD
A little tricky to understand, but try your best ;) stay focused.
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
"If you want to get things done, do it yourself"
Safe Trades;
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(Daily) The Magnificent Bullish Shark // IF=THEN ®NASDAQ:AVGO
The perfect double top with a nice "V" shape, the neck breakout validating the double top, found support @117.17$, pull back 61.8% forging a nice 2618 short trade setup...
AB=CD pattern ends @107.10$ and from there we have a cluster zone, between 107.10$ and 101.38$ as the next probable stop before completing the Shark.
THE SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% BC
88.6% to 113% XC
Target:
38.2% to 100% CD
Double top & 2618 trade setup:
Safe Trades;
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(2h) One Bullish Vision // Harmonics & the 2618 // IF=THEN ®FX:AUDUSD
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
Safe Trades;
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S&P 500 Countertrend Opportunity sets up. I'm licking my chops. We see an opportunity to get long on the S&P 500 daily.
Right now, price is around a weekly support/congestion level around 1825 that has formed a double bottom. This area shows to have acted as both support and resistance in the recent past, seen clearer in line charts based off the closing prices. My oscillator is showing bullish divergence on that double bottom.
We will use a 2618 strategy to become involved.
For a conservative entry opportunity, we will look for price to break the "V" or neckline of the double bottom and retrace into a .618. The illustration as to when the actual retrace will occur is simply for demonstrating a potential trade in action. Two contracts will be taken at that time, with the first target at the swing high and the 2nd at the 1.27 extension of the bullish move. If/when target 1 is hit, stops will roll to break even on our second contract. Stops go below the right leg of the double bottom. If price simply continues lower and doesn't break the neckline, well, we simply don't have a trade.
(4h) Double top // Eventual harmonic patterns // IF=THEN ®FX:NZDUSD
At the second take profit zone of previous harmonic, i do expect the major trend continuation, bearish. (link below)
Double top with rsi bearish divergence;
Eventual AB=CD or a completition of eventual bullish harmonic patterns, the Bat and the Gartley patterns;
IF the price break the double top neck that will confirm the double top, until there, trade the structure ;)
Once the price break the neck and find support below it, i will expect a 618 retracement and a new sell opportunity there.
Safe Trades;
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GBPJPY possible 2618 setupWe have had a double bottom here on the 4hr and possible on the Daily tiemframe as well.
If we can break structure there is a possible set upf ro a 2618
(D) Double top // Broken Neck // Support // 61.8% retrace // ®FX:AUDUSD
As published before, we have a double top, followed by a broken neck, found support @0.68261$, 61.8% retracement, (zone) - This forges a 2618 bearish trade setup; (check link below)
We have structure, an ascending wedge, wait the eventual breakout, the correction of that impulse, eventually it will test previous trend line acting as support (resistance after the breakout), search for divergence, sell it...
(until this moment the price still respecting the structure, i'm following this pair in lower time frames);
Safe Trades;
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