Crab
Major Counter-Trend Trade🔍 Dive into my latest analysis on the related article and compare it with my previous week's analysis.
📉 Just like last week, we have identified the formation of a Bearish Shark Pattern. This pattern suggests a potential bearish movement in the market.
⚖️ For conservative traders, it's recommended to wait for a violation of the trendline on the 4-hourly chart. Once the trendline is violated, patiently wait for the retest before considering entering the trade.
Stay updated with my analysis as we navigate the market and uncover potential trading opportunities. Don't miss out on valuable insights! 💼📈
Finally, Shorting Opportunity📉 After a week of waiting, the market has finally retested my preferred entry price for a short position on the Bearish Crab Pattern(daily chart), which complements the Bearish Shark Pattern(weekly chart) at the 88.50 level. Check out the link article in the TradingView post for a refresher on last week's discussion.
💼 Trading is all about minimizing initial stop-loss and maximizing profits sensibly.
🔄 A retest of the key resistance level at 88.60 on the 1-hourly chart would confirm this trading idea for me.
🔝 This trade holds the highest priority for me in the upcoming week.
Share your highest priority trade for the week! 📊💭
Grimace new GemWe can see clearly accumulation of smart money and smart people. In a next couple days i can clearly see bullish momentum. I also add Fibs to the graph so you would probably understand how serious am I right now. Don`t be the one who lost hypetrain while waiting on the station.
P.s 15 dollar target
Trend Doesn't Matter!!I'm not saying that trend isn't important, but on this particular trade, it is NOT.
And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign.
My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the actual move.
Why this Crab Pattern?
It coincides with the Bearish Shark Pattern on the Weekly Chart.
If you want a buying opportunity, a magic candle confirmation 87.21 on the 1-hourly chart will allow you to engage the trade. Gartley Pattern is the first pattern that was discovered. What makes this Bullish Gartley Pattern interesting is that the completion falls on the Key Support Level on the Daily Chart, marked as the Blue Horizontal Line, indicating a Key Support Level.
This is both amazing and disturbing to see for both traders.
What's your take on the NZDJPY?
Measurable Data Token (MDT) formed Crab for upto 23% pumpHi dear friends, hope you are well and welcome to the new update on Measurable Data Token (MDT) token.
Our last successful trade of MDT was as below:
Now on a 4-hr time frame, MDT with Bitcoin pair has formed a bullish Crab move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
League of Kingdoms Arena (LOKA) Formed Crab For upto 21% pumpHi dear friends, hope you are well and welcome to the new trade setup of League of Kingdoms Arena (LOKA) with BTC pair.
Our last successful trade of LOKA was as below, and it was more than 117% pump
On a 2-hr time frame, LOKA formed a bullish Crab move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Perfect automated detection of Butterfly & DeepCrab PRZ - ShortA bearish-type Butterfly pattern occurred near the resistance zone of 95.60-96.60.
If the price rises to 96.78, a bearish-type DeepCrab pattern could occur.
Short after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Best of Both WorldsMy long-term bias on Dollar Appreciation had not ended, however, that doesn't mean I can't short the Bearish Crab Pattern that was completed at 140.42. If you had traded this, it would have given you 106pips(approx. 1,060usd/lot) of running profits.
If you are like me, having the bias to long the USDJPY, the Bullish Gartley Pattern that completes at 137.84 could provide you with such a trading opportunity.
Either way, the M.C confirmation has to appear in both situations.
Is AI mania going to be stopped...Answering my own question - don't think so. But from technical standpoint, what I can see:
- stock overbought,
- bearish Crab pattern almost completed (getting to the D-point)
- SELL volume higher from the BUY one in the recent days
- fundamentals
no recommendation whatsoever.
A counter-trend move, is it a good ideaIf you have been following me for sometime, you would know that I've my bias in looking to long the US Dollar.
At this moment, there isn't such opportunity, but multiple shorting opportunity presents itself, in this moment, the bearish crab pattern, retest on the 4-hourly chart.
I will take the trade once the market has show the confirmation and will treat it as a counter-trend trade.
Unveiling the Ultimate Trading Setup of the Week: Don't Miss OutAs some of you may recall, I've been seeking a buying opportunity on the AUDCAD for the past few weeks. My motivation for this is the Bullish 5-0 pattern setup that has formed on the Weekly Chart. I've been exploring various avenues to enter into this buying opportunity, and currently, two options are available.
Firstly, we can wait for a candlestick pattern trading setup to appear on the Bullish Gartley Pattern for a buying opportunity (left). Alternatively, a Bullish Deep Gartley Pattern on the 8 range bar chart (bottom right) could provide the trading setup for us to engage the trade.