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2618 Trade

📉 Bearish ABCD Pattern: Short Signal on NASDAQ 1-Hour Chart!In this 1-hour timeframe, NASDAQ has formed a bearish ABCD pattern, with the reversal point aligning with the previous peak. It rejected it strongly. This signifies a strong resistance zone formed around the 15250 area and it suggests that bears might be gaining control. Additionally, a notable 2.618 setup has emerged, characterized by two peaks followed by a retracement to the 0.618 Fibonacci level, a pattern known for its high success rate in signaling reversals. The 2.618 formation being represented with blue lines With price retracing to this optimal shorting area, I am entering a short position, targeting 14950 as my first take profit level, followed by 14870 as the second, and ultimately aiming for 14750 as my target. 📉 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🚀💪
OANDA:NAS100USDShort
by Thomas_Zito
5
Bearish 2618 Short Setup with an Ancillary Long SetupOKX:1INCHUSDT.P Bearish 2618 is the main setup as you can see on the graph. The level is also a support & resistance transformation zone. Current price accumulation indicates that if the blue line breaks with solid momentum, it will be easy to reach the level which we prepare to short. So, an experienced trader (who can stop the position if needed) may open a long position through the level at which we intend to open a short position. May the force be with you...
Short
by MonkApe
GBPUSD-Weekly Market Analysis-Aug21,Wk1An emerging bullish bat is about to form within the buy zone(blue box) is usually a great setup for a buying opportunity I will engage. However, this setup wasn't the Grade A setup and that is because Point C is a double-top, for such a setup it poses a threat of a break and closes beyond Point D completion. As a thinking trader, I will be waiting for a candle confirmation at Point D, before engaging the buy trade, and even better, if the market retraces back to 1.3950 before the Bat Pattern completion, I will head for the shorting opportunity.
Long
by RaynLim
1
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.
Short
by RaynLim
EURJPY > Possible Buy Setup May Come Soon!!Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you. Follow up on #EURJPY Hello friends. i have been watching this setup for a buy trade last week but did not provide me a reason to get in, now that we have confirmed the double bottom on the 4-hour chart I will be looking for the following. If the market dropped before hitting my projected target zone I will look to buy near the neckline zone which will give me approximately 100 pips possible trade. Safe trading everyone Check today analysis below⠀ >> Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets. _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
14
EURAUD > Simple and Easy Setup for A Buy!!If you enjoy this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you. Analysis of #EURAUD Hello friends. As you can see on the chart the market made a big move to the upside almost 420 pips, this to me indicates the move to the downside might be over and we might see a continuation. I am looking for a simple 2618 setup, waiting for the market to come to test FIB 61; which also 15400, then dropping to the lower time frame looking for a reversal pattern to get in in a very good risk to reward trade. let me know in the comment what pair you want to see the analysis for in my next free analysis Safe trading everyone Check today analysis below⠀ _____________________________________________________________________________⠀ -Disclaimer: this information is not a recommendation to BUY or SELL. It is to be used for EDUCATIONAL purposes only⠀ -Please note this is just a PREDICTION and i have no reason to act on it and neither should you
Long
by TheTradersAvenue
10