GBPCAD Deep Crab Complete - Possible ShortNews today made all CAD pairs take off so need to be careful before jumping into completed patterns. Should regardless. Like always, waiting on price action to show reversal candlesticks and momentum to start coming down. If so, should get a nice shorting opportunity here.
Bearish Deep Crab
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.
MATIC POTENTIAL REVERSAL ZONE15m Bearish Deep Crab on Matic with the Potential Reversal Zone being tested.
Bearish divergence on RSI.
Expecting Type I and Type II reversals here.
MATIC TO... 400 SATSThis Bearish Deep Crab extended to 2.618. I assume the reversal is starting here.
T1 : 434
T2 : 400
AUDUSD - Noisy Little CrabFX:AUDUSD Monthly Analysis - Daily Time frame
Potential Bearish BAT Advanced Pattern 0.886
Potential Bearish Deep Crab Pattern 1.618
Potential EW Impulse Wave (12345)
Potential little Bearish Deep Crab Pattern AC 0.533
Support and Resistance Levels
Moving Averages
Fibonacci Retracement Levels
This is an update from previous weekly chart analysis, which is almost the same as Ethereum - Head in the Clouds Pattern
So Bulish Continuation is 99% for sure. and now for this week's case, the pair is still trying to give a little drama whether there will be a correction or continue the uptrend, if the candle is closed below the magenta SR level. it will potentially form a bearish Deep Crab Pattern. and this is where the hedging strategy is needed to protect the value of the investment.
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USD/JPY - Bearish Deep CrabUSD/JPY is currently forming a bearish deep crab pattern on the 4h chart, providing a trading opportunity with a 1:2.6 risk to reward.
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.0 - 3.618
X to D: 1.618
Keep this on the watch list! Price has just confirmed the PRZ.
Thank you for your support everyone :)
EUR/USD - Two Potential Setups (Gartley and Deep Crab)Quick post ahead of market open, I'm looking at EUR/USD on the 1h chart with a bearish gartley and bearish deep crab pattern.
The first formation we will need to assess in real-time upon completion is the bearish gartley, we need to determine if the reversal will take place @ 1.17800 or 1.18415.
I will be focusing on the 15m and 4h chart to back up my analysis and optimise entries.
As always I will keep you posted on the patterns progress and if the trade is executed! I'm still short on EUR/JPY.
You guys know how it goes... Like, comment and share ;) have a good week!
USD/CAD - Bearish Deep CrabHello traders, it appears USD/CAD is now forming a bearish deep crab pattern on the 4h chart. This is an excellent opportunity with a potential 300+ pip return!
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.24 - 3.618
X to D: 1.618
I'll be expecting price to stall out once it reaches the D point, this forms on a key level of resistance!
Keep this setup on your watch list.
Connect with me on social media for more trading inspiration :)
GBP/USD - Bearish Deep Crab (500+ Pips)Hello traders, it appears GBP/USD is now forming a bearish deep crab pattern on the 4h chart. This is an excellent opportunity with a potential 500+ pip return!
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.24 - 3.618 (D point falls short of the minimum requirement, but I'll see how this setup plays out)
X to D: 1.618
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
Connect with me on social media for more trading inspiration :)
Bearish Harmonic - AUDNZD (4Hrs)Hello Traders,
I have spotted Deep Bearish Crab Pattern on AUDNZD. I have highlighted Potential Reversal Zone (PRZ) for short entry. Here, PRZ is made of 1.618 XA, 1.618AB and 2.24BC Fibonacci ratio confluence. I am expecting that price will resist in this area and reverse. This potential trade has a risk/reward ratio of 1:2.4.
Follow this idea for further updates.
Happy Trading!
EUR/TRY - Bearish Deep CrabInteresting setup on the Daily chart for EUR/TRY with a potential bearish deep crab, as you can see price is currently trading within an ascending channel and has attempted to breakout multiple times.
The measurements for a valid deep crab pattern are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.0 - 3.618
Final X to D: 1.618