Bearish Crab
USDJPY - How high can you go?Recently a question was asked, "How high can USDJPY goes?" Well, from the chart I'm seeing 113.07. That means, based on the daily chart, I will only be looking for shorting opportunities when USDJPY reach 113.07.
That doesn't mean you should buy and exit at 113.07, unless you have a trading strategy that you have tested a hundred times and give you your desirable results.
Bitcoin Analyze UP 🐮 or DOWN 🐻Hi, yesterday was a great day for Bitcoin , it had an amazing pump (About 2000$ 😱 just on one 1h candle).
Bitcoin Analyze ( BTCUSDT ) Timeframe 1h .
BTC swung on the Range channel for about 1 day and 14 hours , after that the price was able to break it (to the top), and then we saw that amazing Pump breaking our main Downtrend line . in this area (Live), we have a Resistance Zone + TRZ ( Time Reversal Zone ).
Resistance Zone includes Fib Channel's Lines (88.6%) + Weekly Resistance 1 (38800$) + Daily Resistance 2 (38733$) + Cluster of Fibs + Bearish Crab Harmonic Pattern 🦂.
Also, I found Bearish Harami ( Candlestick Pattern ) at TRZ .
Now, I am coming with my scenarios again 😉. I have 3 scenarios :
Scenario 1 : if the price goes UP over 39380$ , we can see 42000$ $ 43000$ soon.
Scenario 2 & 3 : if the price goes Down to our main Downtrend line ( Point A ). Point A can be a Critical Point for us, better, I had to say that BTC will decide to go UP or again BACK to the under Downtrend line ( UP will make my Scenario 2 // DOWN will make my Scenario 3 ).
My Suggestion : We have to wait and find the best triggers for the best scenario .
Support zones on Bitcoin's way:
Support zone 1 : 37550$ until 37420$ ( Yearly Resistance 1 + Fib's lines ).
Support zone 2 : 36466$ until 36380$ ( Weekly Pivot Point + Weekly R1+ Fib's lines ).
Support zone 3 : 36140$ until 36000$ ( Top of the range channel + Fib's lines ).
Do not forget to put Stop loss for your positions (For every position you want to open)
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
Ger 30 Crab Pattern, 15min, bearishThe Ger30 seems to form a crab pattern. Only problem is the price-spike located in the XA-Line. Did i miss something?
Entry and TP are marked in the chart.
USDJPY-Weekly Market Analysis-May21,Wk3USDJPY could be 1 of the most interesting setup, it rarely became my top watchlist among 12 others of her peers. At this moment, I'm waiting for another shorting opportunity and that will happen when the candle touches the profit trendline(red) of the bearish crab pattern.
My plan will include shorting of this pair and extend my second target to the blue trendline.
SPX Showing Indecision After An Attempted Rally Above ResistanceThis is a small update to my pervious monthly and daily chart where i pointed towards the possibility of a Rising Wedge and a Bearish Crab to take us to lower levels soon. As of today we have had a strained rally above the 1.618 and look to be heading for the supply line of our Rising Wedge. But it looks like with all the indecision we are showing only just slightly above resistance and the 1.618 Fibonacci Extension that we may not have enough steam left to rally to those levels.
I expect that we will either remain sideways or go down from here and likely will not be making it above the red box before at least first making a decent retracement to lower levels.
GBP/CAD SHORT opportunity for opening a position you have to have enough reasons.
and I have enough justification for my self to open 2 short with different lot sizes
and my reasons are :
resisted from resistance
cloud gap
macd cross in 1H TF
momentum
harmonic bearish CRAB
baseline Ichimoku flat
good space in RSI to fall
it's better to trust your analysis, for me these are enough to open positions and take a good risk.
I suggest you take a goof SL set for yourself cause there might be a pullback to test the resistance again.
be happy
Looking to bearishly breakout of a Rising WedgeThis is an update to a previous chart of intel where i took 10 months of price action and called a diamond bottom. Now in this new edition i am adding a Rising Wedge along with the bearish crossing of the MACD. Will price action continue to so smoothly follow the rules of the patterns on Intel? We Shall see..
I believe that a reasonable target for a breakdown of the wedge will be towards the 200 SMA and EMA at Around 54 dollars or so.
EURJPY - Bearish CrabIf you are a Harmonic Pattern Trader, allow me to ask you 1 question. Why is this trade setup not a Gartley Pattern, not a Deep Gartley Pattern but if it forms up it will be a Crab Pattern? It is easy for one to read up and claim proficiency in the area, but what's more important is that you are able to identify the difference and avoid unnecessary losses.
The bearish crab pattern completes at 131.36.
USDJPY-Weekly Market Analysis-Mar21,Wk1USDJPY is an uptrend channel, within the channel there's a shorting opportunity. If you have shorted based on the Bearish Shark Pattern and Bearish Crab Pattern.
It's understandable if you are worried that it might hit the Stop-Loss, a break and close below the trendline will give better peace of mind for a counter-trend trading opportunity.