Bearish Crab
USDJPY-Weekly Market Analysis-Apr20,Wk2A bearish crab formed within the sideways bounce(red rectangle), if a break and close below the box could have an indication of a potential bearish flag pattern.
Trade has already engaged and shared with my community on Friday, let's see how this trade turns out.
Trade Ideas Position: GBPAUD CrabWith a bearish crab form, up with such a long tail hitting 1st target for both trade(link at the bottom), both trade has to manual exit for their target 2.
I will wait for the retest on this bearish crab pattern as a type to set up for a new shorting opportunity.
First shorting trade
GBPAUD Sideways
GBPAUD H1 Sideway Bounce, RSI Divergence
Short NOW: 2.0342(105)
ISL: 2.0462(-120)
TP1: 2.0152 (+190) 1.5:1
TP2: 1.9895(+447)3.7:1
Second shorting trade
GBPAUD ABCD Pattern
GBPAUD H1 Bearish ABCD, Sideways Bounce, Counter Trend
Short Now: 2.0397(78)
ISL: 2.0510(-113)
TP1: 2.0190 (+207) 1.8:1
TP2: 1.9884 (+513)4.5:1
Don't fuck with Kemet the Bearish TransCrabGood fucking morning ladies and gents!
It appears Kermit the Frog had a sex change operation to a Bearish TransCrab and is currently awaiting a medical procedure for a major retrace to the downside to fuck everyone that is fomoing right now. (More than likely of course). You are currently at the golden mean ratio where pending price reversal is at a significantly higher probability here. You are forming Class A Bearish Divergence on the Daily time frame at a critical resistance point. Too many overwhelming variables here and one of which I haven't mentioned is that you are currently overbought on the Daily RSI. I definitely feel safe taking a shot at a short on this at the current price.
Entry: Between current price and $27.93
Exit Targets: $21.92 and $20.58 for Common Targets and at A and C of the Harmonic Pattern. (Least likely but possible)
Stop: $28.88
No transcrabs or frogs were harmed in the making of this post.
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Trade Ideas Position: EURUSD CrabA type2 bearish crab setup on the 1-hourly chart. 1 thing I love about the type2 trade setup, it does give a very nice structure and reference on the 1st test and is an opportunity to see if there's an RSI Divergence setup.
On the daily chart (right), this trade setup is a retest of the double top , the support line of the double top that turn as resistance.
Great setup for trend traders, I wait for candle setup on the 1-hourly chart.
EURUSD-Weekly Market Analysis-Nov19,Wk5Over the years in committing on providing analysis for the traders, I've start to make new friends even across the platform.
A kind soul has reminded me on this bullish bat setup on the 4-hourly chart while I shared my perspective of shorting the trade based on the 1-hourly chart on the bearish crab.
Having the knowledge of harmonic patterns and my baseline on trading on structure, I see is a high tenancy the market will fall off the cliff(Resistance) and I engaged only after the retest and confirmation made by my Harmonic Pattern Assistance(HPA).
It is really a test that the market gave me where I made profits and just before hitting my 1st target it bounces off again and it did it a couple of time.
So by having this, I must say understanding of the currency pair, as well as your system you use, are just as important.
I had also further extended my target to 1.1001 for my final target but will watch closely when it hit 1.1006 to check for any potential rebound.
After which I will observe the buy zone(blue rectangle) holds on to the market and create a bullish bat type2 trading opportunity as a countertrend trade.
Trade Ideas Position: GBPAUD CrabA bearish deep crab pattern type2 setup for a countertrend trade. This round, even better it returns with a double top setup with RSI Divergence. How good is that right?
I will need a further confirmation before I engage this trade. A setup like this will take months to complete.
Trade Ideas Position: NZDJPY BatA bearish bat pattern come in line with the bearish crab pattern my favourite pattern over pattern setup which simply means that 2 patterns converge and fulfil at point D at the same price or close enough(within the PRZ of 1 pattern).
Trade has already engaged as it fulfils the requirement for this trend continuation trade.
USDCHF Bearish Harmonic Crab The Bearish Harmonic Bat completed at target area and the Deep Crab revealed itself after.
The rising wedge confirms the strength of this pattern.
Price never closed above 127.2%, this also confirms that the Deep Crab is still valid.
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