2618pattern
AUDCAD - Trade after double topTraders, after a double bottom or a double top happens, what's your trade plan? Personally, I'm waiting for a pullback to 0.8926 for a buying opportunity.
USDJPY - Double Bottom PullbackA double-bottom pullback allows traders to engage in a buying opportunity. What is important to look out for is that the setup should never break and close below 137.68.
NZDJPY - Bullish BatA Bullish Bat Pattern is going to form and emerge at 76.31 as a counter-trend trade, but do you know that it is also a pull back from the daily chart after the market has double bottom?
Between this and the EURJPY ABCD setup, I would prefer the NZDJPY trading setup.
Which do you prefer?
Comment down below.
EURJPY - 2618 PatternA 61.8% pull back after the market double bottom on the daily chart. I'm waiting for a buying opportunity on the double bottom retracement zone.
As I went down the timeframe, I've spotted an opportunity. An ABCD Pattern form and completed near the bottom of the preferred retracement zone I'm waiting for. Let's see how this trend ends.
EURUSD-Weekly Market Analysis-Jan22,Wk3EURUSD on the 4-hourly chart has an Ascending Triangle. On the 1-hourly chart, there is a double top and you can wait for the market to retrace back to 1.1451 for a shorting opportunity.
The first target will be at its immediate low at 1.1402 and the second target will be shared with the inner-circle.
Double Top Retracement ZoneIf you are a Double Top trader, you would know that it is not about the strategy but where it was formed.
One of the struggles that traders have is, "Where is the end of the Double Top Pattern?"
There are ways you can learn to identify the potential completing zone or you can wait for the Double Top to complete.
Yeap, "Wait for it!!"
You can then look for a shorting opportunity when the market passes 61.8% retracement and does not close above the 100% mark, in short, previous high/ violating the previous high.
In this case, the first target would be the immediate low. I will exit the trade on the candle body and not at the lowest wick.
Leave some tips for the waiter right?
Another important filter I will need to have is an RSI Divergence.
This will be something I will be creating, 1) A Weekly Education Content and at the end of the trading Week, a meet the trader session and LIVE discussion on the topic of the week.
What do you think?
NZDJPY - Bullish ButterflyIf you had joined us last night, you would have seen how we use the Double Top Retracement zone and project a Bullish Butterfly completion that hit our final target level.
The market sort of did a rebound after it "woke up" from the ungodly hour.
Check out the live stream and you can see how the analysis was done at , you could watch from the start and learn how the zone was plotted.
www.tradingview.com
AUDUSD - Bullish CrabA Bullish Crab Pattern completes and forms at 0.7353 for traders who are looking for a buying opportunity as a trend trader. Crab Pattern usually consolidates and retest a couple of time before it took off, but after the 1000(UTC+3) candle close, I believe it will just take off.
For conservative traders could be waiting for a double top retracement to the 61.8% zone, represented by the red box for shorting opportunity. The Conservative target for target 1 will be 0.7353 for them to shift stops to entry.
AUDCAD - Bullish FlagA Bullish Flag may just form up on the AUDCAD 1-hourly chart. The 15minutes chart may provide a possibility of a 61.8% retracement after the double bottom has formed. Although with the current candlestick formation, it is unlikely for a retracement to happen, if it does it will give me a better fill.
The current entry gives you a 1.4:1 Reward:Risk, if a retracement happens, it will easily give you a 2:1.
Well, for me I engage half of my position, so when the market run without waiting for me, I still can earn some and when it retraces I can wait for candle confirmation to engage the second half.
GBPUSD-Weekly Market Analysis-Jul21,Wk5The Daily Chart(higher timeframe), is on a bullish trend setup. I'm waiting for a double bottom retracement 1.3649-1.3613 for a trend trading opportunity. I will discard this trading idea when the candle breaks and closes below 1.3587
AUDCAD - Double Top Pull-BackA double top pull back that potentially can be a bearish Gartley Pattern is resting on the previous structure that build a stronger case for a counter-trend trading opportunity at 0.9380.
EURUSD-Weekly Market Analysis-Jun21,Wk3If you have missed the Bearish Shark setup which completes at 1.2260 that I've shared on 16 May 2021; short on Parallel Channel at 1.2190 that I've posted on 6 Jun 2021; you probably won't want to miss to short within the range of 1.2150-2.2159 or at 1.2167 on the 1hourly chart, that's the price range and it's potential for a pull-back.
Click follow so you won't miss such an opportunity again.
Coincidently, my student share the same thoughts on the trading strategy, have a look, link at the bottom.
GBPUSD-Weekly Market Analysis-Jun21,Wk2If you have missed the buying opportunity on GBPUSD, here there is another opportunity for you, a retest after the market has double-bottomed and retraces to 1.4127-1.4108 range for a buying opportunity.
CADJPY - Double Bottom RetracementI've engaged a long trade after the double bottom retracement on the M15 chart. Target 1 will be on the previous high that gives a healthy reward is to risk ratio.
BTCUSD: A Potential 2618 Sell SetupThis is a countertrend setup based on a double top formation coupled with a 50-61.80% retracement of the rejection leg down. The probability works against fading setups but the RR is prioritised for its clear risk profile. The details of the trade are highlighted in the chart. Drop a line in the comments section if there's anything to be added or discussed.
AUDUSD - Double Top RetracementAUDUSD has a retracement after the double top formation has formed, what's interesting is that the market is below the 2 moving averages. I'm watching closely for a shorting opportunity.
a trading method called "2618" fkli"2618" means 2 tops or double tops, then follow by retracement back to 618...then usually a downtrend...
of course, this is juz a trading idea, no indication of buying or selling...
strong resistance : 1584-1600
current resistance : 1560
current support : 1500-1520
ETCUSD 2618 retracement strategyETC made a double top pattern with bearish divergence in RSI. Looking for price retracement to .618 to buy. Let me know what you think.
BTC - WE OPEN SHORT POSITION WITH A 2618 PATTERNRISK/REWARD RATIO = 1:3 AT THIRD TARGET.
PUSH LIKE, PLEASE! ;)
Trade Ideas Analysis: AUDUSD Double TopA check back on the retracement of the double top setup gave an opportunity to engage the trade.
At the blue trendline, it will be level I'm observing if a break below and close below the trendline is going to happen, for that I'll leave it to the alert set on trading view.
If you do not have an account with a trading view yet, clear your cache, set up a new tradingview account by clicking this link so you will get 30usd worth of coin when you decided to go Pro.
www.tradingview.com
This might be the trade of the year.
Trade has engaged.
