EURJPY 240M 2618 SetupThe double top at structure is followed up by a potential 2618 trade to get short. For enrty price needs to hit the 61.8 fib level from the last leg of the double top.
2618 Trade
EURJPY: 4 Hour Potential Double Top and/or 2618For those looking to get short the EURJPY we have a potential double top and/or 2618 opportunity setting up. Looking left, price action has made its way back into a previous level of consolidation where the bulls were rejected and are now looking to test for a second time.
The two trading opportunities that exist at this level are a double top sell at the candle close, or a 2618 for conservative traders looking for proof of a hold and a retest.
We've got our morning Warroom meeting at 8:30 (NY) then I'm getting ready for an awesome training lesson this morning at 9am on position sizing and trend continuation trading. Good luck out there in the markets this week.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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GBPUSD: A potential divergence retracement setupGBP Manufacturing PMI to be released in a few minutes. Will the technical setup hold?
Bullish Bat Bullish Bat pattern on the weekly time frame combined with Elliott waves. Looking for a double bottom on small time frame to be involved in this trade
GBPUSD: A Trend Continuation & Countertrend Idea (Video)Just a quick follow up from the trade I shared with you guys in last night's video looking at a trend continuation opportunity on GBPUSD. As the market established a double top overnight, counter trend traders will also have an opportunity to involve themselves in a 2618 trade as well.
Make sure you check out yesterday's video for an explanation of the TCT trade
"Statistics on Why Most Traders Fail" www.youtube.com
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
YouTube goo.gl
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You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
(4H) ABC correction // Double Bottom // Butterfly // IF=THEN ®FX:AUDCAD
ABC correction with a double bottom, a neck to break, the price should find some resistance and start to pull back into the 61.8% retracement zone and there, the market should forge an entry. (bullish rsi divergence on oversold condition for instance) *
However, find comfortable situations that allow us to enter the bullish momentum is where the focus point.
BUTTERFLY
Point B:
78.6% XA
Point C:
38.2% AB
88.6% AB
Point D
161% ext BC
261% ext BC
Targets:
TP1 61.8% CD
TP2 127% CD
Safe Trades;
open.spotify.com
USDJPY Short opportunity to follow the bearish trendA double top has been formed on this cross on a hourly timeframe.
The price went down and it's now doing a pullback on the 0.618 Fibonacci retracement that gives us a potential signal to go short and follow the former bearish trend.
Potential 2618 setup this weekEur/Aud has a potential 2618 trade setting up. This pair has a really wide ATR, but if you can handle this much risk in your trade plan, this could present a great opportunity
EURGBP 2618 trade So we had a double top form and we have see the price break previous structure and when we hit the oversold area of the RSI price has started to make its move back up. the .618 area is in that previous area of support which could see us bounce back to the downside
NZDUSD Possible 2618So we have a double bottom on the Hourly chart
If we can break structure up to 0.64255 this has been a previous area of support which could act as resistance.
The retracement from this level back to the 618 level woudl be right in lince with the last area where we saw a good rise.
Alot of if and whens but will see how it plays out
NZDUSD Possible 2618 Trade 60 MinWe have have hit a double bottom, if we break structure to the upside of 0.64255 this could act as an area of resistance, it has shown as support before.
IF this happens then i feel we could see a retracement down to 0.63091 which has previously been an area of support and where we last saw a big rise up.
Will see how it plays out
Buy on the Bull CypherWell if you missed this Bull Cypher, there is a alternate way of entry via structure base trade setup. You could wait for a test of structure within the consolidation. As well as wait for a 2618 buy confirmation to take a long trade on this pair.
Lets see where the market goes.
USDJPY Short: Using Harmonics to Catch Wave-((5))USDJPY has completed wave-C-of-(iv)-of-((5)), which means the consolidation phase may be temporarily complete and further bearish price action may be forthcoming. In order to catch the fifth wave movement, it is best to enter at a point which minimizes your risk and maximizes your reward.. This setup shows one way to utilize multiple strategies to supplement your wave analysis. The double top created by wave-iii and wave-v allows for the 2618 entry after the 61.8% retracement. This entry also falls in the PRZ of a bearish bat, which adds to the probability of this being an important level and we may see price continue to drop. SL is placed above wave-(iv) terminus with target at ((1))=((5)) level.
EURAUD Gartley+2618 combo TradeLooks Familiar Right?
Yes, this is a Gartley Pattern and 2618 combo trade.
A Double Top is formed.
wait for a pull back to the 0.618 level
1.5640 and short
SL: 1.5750
TP1: 1.5340
TP2: 1.5066
Looking for a 2618 Opportunity After the Daily Channel is touched at his resistance line, this could be a nice trade setup.
Wait for confirm at the 61.8 for short opportunity
USDJPY Forecast: Gartley to 2618 to V (Elliott Wave)USDJPY has completed a bearish Gartley pattern in a corrective wave structure. The flat correction may be treated like a double bottom so that a long trade can be entered at the .618 retracement of CD, a common Gartley target. The 1.618 extension target for the 2618 trade coincides nicely with previous wave 4 resistance and serves as a nice TP zone. A short trade may be taken in the S/R zone to follow through with wave ((5))/III. SL for short is placed above wave I peak as any overlap will invalidate wave structure. Target is placed at 1.382((1))=((5)) and above previous fourth wave support. Long trade yields a R/R of about 3, where as the short trade provides a 4.22 R/R.
Possible 2618 buyAs we come into the the trading day on the eurusd, we have a possible 2618 buy on the eurusd, Lets see how price action does here
Good Trading Guys
2618 trade on USD/CHF ????
we have got a bat compleation and we are now looking for a 2618 trade on USD/CHF ???
2 top came right at 0.618 retr. of end november high to mid december low.
I am looking to short this pair
