Bearish Crab saved by the red TL?It's not looking good for my beloved bearish crab but this red TL seems to be doing it's job. If that 4H can close under the TL and under the B then the Crab is back in business. If not, well my shorts will be closed in slight loss and I'll wait for for PA to find another short entry.
Crab
EUR/CAD: Bullish Crab Harmonic PatternEuro/Canadian Dollar forming a bullish crab harmonic pattern. So, in this 2nd analysis on Euro/Canadian Dollar showing up a bullish harmonic pattern that we could to find up good opportunities to entries to long position.
Maybe guys, this it's the H4 timeframe and the chart clean how the market structure look. To discuss, Euro break out this bearish trend line and right now, we see a new lower high, also, as I saw, we could to find up good entries to long position in this trade.
And making this deep analysis, in Daily, we see that Euro can to find up a higher point in the 0.618% as we see now.
So guys, Euro it's look optimistic in front of Canadian Dollar based the global news of negotiations peace and Euro pars it's find up strengthen in that news.
This it's my 2nd analysis on Euro/Canadian Dollar. For reference, goes to my previously and first analsyis on EUR/CAD in the link to related idea and click on.
EUR/GBPThe EUR/GBP is going up for a while I've posted my analysis on my fx book and recommended inter long position from point A of the proactive deep crab pattern
I think there's a good opportunity to enter a long position after breaking out of the nick line of the head and shoulders pattern
don't enter any position until 4/1 to protect your trade from the monthly price gap
EUR/CHFIn the last few days, the EUR/CHF has been completed the crab pattern and started targeting the c point of it
I think the best level to enter a long position is after closing above the (LEVEL N1) by 4H candle
and I think a down movement below the stop loss level is a good area for a long position
Bat@0.886XA and Crab@1.618XAHello Traders,
Here it's the double Harmonic Pattern Bearish Bat@0.786XA and Crab@1.618XA,
I've been waiting for this pattern a quite time, and now the price it's close to PRZ,
just a few pips left to start test the PRZ.
Rules:
1. Harmonic Patterns Completion ( Bearish Bat@0.886XA and Bearish Crab@1.618XA) - Completed ;
2. PRZ Hit - Done;
3. PRZ Test -Started;
4. Terminal Bar - Waiting;
5. Type-1 Reaction - Waiting;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign -Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.
Moderna... Is there a booster coming ?Quite a ride... I suspect we are getting close to the bottom unless the Apocalypse is coming.
2 Harmonic Deep Crabs forming with different terminuses depending on the X point.
Deep Crabs have a habit of going on longer than expected so let this play and break the arc to the upside first.
So monitor for now.
As always keep an eye on world markets and trends.
Not investment advice. Do your own due diligence.
Good Luck
S.
AUDJPY | HARMONICS IN PLAY?AUDJPY after being trading under the horizontal level of 86 since Feb 2018, we see a clean breakout from the level on 16th March 2022.
Now the Hot Question is: Where will be the top?
If you see on the chart, we have showed crab pattern which shows bearish reversal on 91 to 92 region which is also the weekly resistance zone.
The indicator RSI is also reaching the top of the zone and we can see a drop if the bulls continue to long.
Alternatively, If weekly resistance taken out then 100 level is on the card.
Play your levels accordingly.
BTC Deep Crab Target $41,877BTC is in process of developing bearish deep 🦀 harmonic, Completion of this will be at $41,877. We have bullish divergence of RSI and VWMACD on daily chart which if plays out then chances of hitting $41k are quite high. Now fundamentally, We have FOMC meeting tomorrow regarding interest rate hikes so we may see volatility today/tomorrow.
GBPAUD - Double Bottom PullbackWe have a double bottom pullback trade on the GBPAUD. What's so special about this trading setup? Well, on the higher timeframe, the Daily Chart, there is a Bullish Crab Pattern check back.
Although the formation is complete beyond the PRZ, it sits nicely at the level and acts as a new support level.
If you are familiar of the Crab Pattern, you should know that it is quite normal.
On the current timeframe, the 1-hourly chart, the market has a Double Bottom followed by a pullback. No doubt this gives the best Reward: Risk, it is also a high-risk trade as the probability of it hitting the stop-loss is high.
Before you ignore this trading setup, what if I tell you that the potential profit is 386pips, in fact, that might not even be the level that I would take any profit off, and just that it creates more than 5:1 of returns.
Now, would you be interested?
AUDUSD - Bearish CrabI had profited 212pips on the AUDUSD Bullish Deep Gartley Pattern(check out the link at the bottom). It's only 212pips because I got in late.
Now I had shorted the Bearish Crab Pattern at HOP level. One of the perks of this is the Reward:Risk Ratio.
What I didn't like the candlestick consolidation looking left.
crab play for BTCSeeing how the market is moving up at the glimpse of hope from Russia's invasion to retreating for a peace talk, we might be entering a shorter(than medium) play of a bearish crab pattern that will lead to a short term high following on a medium term drop.
the world is still in putin's hand on energy with EU, with German chickens voicing out against EU members from the slavic nations visiting ukraine to show of support, and the fading US-dominated status on oil clearing currency, i don't think BTC making any high above 40k is stable enough to move further up.
it's not a market for investment when there's no peace or freedom, Slava Ukraine