Crab
EURJPY - Bearish Crab Pattern Indicates Potential ReversalEURJPY is currently showing signs of a Bearish Crab Harmonic Pattern (XABCD) on the 4-hour chart, indicating a potential reversal in trend. Additionally, the price is approaching a significant trendline, further supporting the bearish bias.
Bearish Crab Harmonic Pattern (XABCD):
The formation of a Bearish Crab Harmonic Pattern suggests that the price is likely to reverse downwards from Point D. This pattern typically indicates a high probability of a trend reversal.
4-Hour Trendline:
The price is currently at a 4-hour trendline, adding confluence to the potential bearish scenario. A breach below this trendline could signal further downside momentum.
Entry, Stop Loss, and Take Profit Levels:
Entry: 165.900
Stop Loss: 167.060
Take Profit Levels:
TP-1: 164.720
TP-2: 163.600
TP-3: 162.450
Risk Management:
It's essential to adhere to proper risk management practices when executing this trade. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to account size and risk tolerance.
Conclusion:
In conclusion, the technical analysis suggests a bearish outlook for EURJPY, with the formation of a Bearish Crab Harmonic Pattern and the price approaching a 4-hour trendline. Traders may consider selling at 165.900 with a stop loss at 167.060 and targeting take profit levels at 164.720, 163.600, and 162.450.
EURUSD Analysis: Support & Resistance TradingKey Levels (1-hourly chart):
- Resistance: 1.0669
- Support: 1.0630
Additional Setup (4-hourly chart): Bullish Deep Crab & ABCD Patterns at 1.0522
Analysis:
- Approach: Identifies potential shorting and buying opportunities based on support & resistance levels
- Key Levels: Highlights resistance at 1.0669 and support at 1.0630 on the 1-hourly chart
- Alternative Setup: Considers a more favorable buying opportunity at the convergence of Bullish Deep Crab & ABCD patterns at 1.0522 on the 4-hourly chart
Trade Plan:
- Shorting Opportunity (1-hourly chart): Consider shorting at 1.0669 or buying at 1.0630
- Preferred Buying Opportunity (4-hourly chart): Look for a convergence of Bullish Deep Crab & ABCD patterns at 1.0522
- Risk Management: Implement effective risk management techniques to protect trades
Insights:
EURUSD presents trading opportunities at key support and resistance levels on the 1-hourly chart. Additionally, a more compelling buying opportunity may arise at the convergence of Bullish Deep Crab & ABCD patterns on the 4-hourly chart. Ensure prudent risk management practices are in place to manage potential market volatility.
📉📈 Exercise caution and prioritize risk management when trading EURUSD based on support & resistance levels!
NZDCAD Short - CRAB HarmonicHarmonic Pattern: The Crab Harmonic pattern is a reversal pattern that indicates potential trend exhaustion. In this case, the presence of a Crab Harmonic pattern suggests a possible reversal to the downside for NZDCAD.
Technical Indicators:
Confirmation: Look for additional technical indicators or chart patterns to confirm the potential reversal signaled by the Crab Harmonic pattern. This could include overbought conditions on oscillators like RSI or stochastic, bearish candlestick patterns, or a break below key support levels.
Trade Setup:
Entry: Place a sell stop order below the recent swing low, anticipating a continuation of the downtrend once the price breaks below this level. The sell stop order ensures entry into the trade once the downward momentum is confirmed.
Stop-loss: Set the stop-loss order above the recent swing high or the X point of the Crab pattern to protect against potential losses if the price reverses unexpectedly. Ensure that the stop-loss level is placed outside of the potential reversal zone (PRZ) defined by the Crab pattern.
Take-profit: Determine the take-profit target based on key support levels, Fibonacci extensions, or a favorable risk-reward ratio. Consider scaling out of the position as the trade progresses to lock in profits.
Risk Management:
Position Size: Calculate your position size based on your risk tolerance and the distance between your entry point and stop-loss level, ensuring that you only risk a predetermined percentage of your trading capital per trade.
Risk-Reward Ratio: Aim for a risk-reward ratio of at least 1:2 or higher to ensure that potential profits outweigh potential losses.
Conclusion:
With the Crab Harmonic pattern suggesting a potential reversal to the downside for NZDCAD, a short position with a sell stop order presents a favorable trading opportunity. However, always conduct thorough analysis, practice proper risk management, and remain vigilant for any unexpected market developments.
EURUSD Analysis: Shorting Opportunities Await- Trade Bias: Bearish
- Key Factors: Interest rate differentials favor USD over EUR
- Trade Plan: Looking for shorting opportunities
Analysis:
- Importance: Emphasizes interest rate expectations influencing currency movements
Trade Plan:
- Shorting Opportunity: Waiting for shorting setups
- Potential Entry: Bullish Deep Crab Pattern completion at 1.0520
Insights:
EURUSD remains bearish due to interest rate expectations. Shorting opportunities are favored until there's a clear indication of ECB's stance on interest rates.
📉 Keep an eye out for shorting setups and remain cautious in trading EURUSD!
Ethereum H1 roadmap As long as the price is below 3680, the three areas of 3340, 3250 and 3133 will be reversal areas in which we will have a bullish correction. The SL of each station should be taken as 0.5%.
If the price reaches 3048, the analysis will be expired.
The ultimate goal of this position will be 4080 and hold for higher areas.
Be a holder in BINANCE:ETHUSDT
AXA: Bearish -DEEP CRAB detected.AXA: Lower-DEEP CRAB detected.
(1)
In Weekly:
A DEEP CRAB -Bearish was detected on AXA and was confirmed. Following this bearish harmonic pattern, a new BEARISH trend can potentially begin.
(2)
ROC and RSI: Note the Bearish divergence building up like dark clouds announcing a potential reversal on the horizon.
(3)
Detection of a SELL signal using ROC and RSI indicators;
Following this, I expect the market to move down to the 33.63 level, then 30.55, and finally towards the 29.49 and 25.84 levels, depending on the 50 and 200 EMAs.
CHWY potential buy setupReasons for bullish bias:
- Price has tested support
- An entry at the lower highs (LH) breakout for trend confirmation
- Bullish divergence
- Megaphone pattern
- XABCD pattern on weekly
- Earnings on 20th March, NYSE:CHWY might show good moves
Here are the recommended trading levels:
Entry Level(Buy stop): 19.27
Stop Loss Level: 15.37
Take Profit Level 1: 23.17
Take Profit Level 2: 29.21
Take Profit Level 3: Open
How will AEP react to it's results on Feb 27th? We are taking a short position on AEP before it's results.
1) There is a nice deep crab pattern on H4
2) The H4 is overbought
3) There is a double top
4) Divergence is present
This is a purely technical view and we expect the news to be bearish for AEP.
Stop loss above 84.50
Target 73.
TX SWAP: Attempting to Double Bottom at a Bullish Crab HOP LevelTX SWAP looks to be trying to form a bottom between the 1.618 PCZ and 1.902 HOP Level of this Log scale Bullish Crab, it has also confirmed some Bullish Divergence on the MACD. As a result, TX SWAP may attempt to break out of the bigger Falling Wedge pattern, assuming the HOP holds and the Divergence plays out.
Stick, Twist or Fold?You hedged Long from 1.07935 (profits taken, risk free).
With a short (entry 1.08806) twice the size of your remaining long.
WWYD?
A) Leave as is - That's a great carry into the weekend.
B) Cash out the short - We bottoming out.
C) Close the long - Sunday open, shit's gapping down hard.
GOOGLE: Bearish - DEEP CRAB "on the Menu": Wolf Alert.GOOGLE: Bearish - DEEP CRAB "on the Menu": Wolf Alert.
GOOGLE results coming out tomorrow
However according to my technical analysis, the action should fall back to the white rectangle zone, towards 146, according to ICHIMOKU and the "Kijun"
+ slight divergence on R.O.C
Monitor GAPs as they can be potential targets, stick the EMA.50 and EMA.200
DAX (M15): Bearish -DEEP CRAB detectedDAX (M15): Bearish -DEEP CRAB detected
The price could reach 17 145 according to Fibonacci retracements, before falling to 16 875, then 16 690
American PMIs could influence this movement
Monitor the 50 and 200 Exponential Moving Averages
A BUY put strategy on MARCH or JUNE is possible
stay careful
AUDNZD LongAUDNZD exhibits a bullish bias, supported by a bullish Crab pattern and bullish divergence. The scenario suggests taking a long position upon a breakout. Traders may await a price movement above key resistance levels for potential entry, emphasizing the importance of risk management and adapting to changing market conditions.
AUDJPY: BAMM Breakout Headed for a 50% RetraceI suspect as the Japanese Carry trade is pressured, that there will be an effort made by institutions to convert to AUD in anticipation of Australian Interest Rates potentially rising above US Interest Rates, this would revive the more traditional Australian Carry Trade and serve to reduce the downwards pressure put on the Japanese carry trade while also reducing their overall leverage and should allow them to prolong the Bull Market in equities at least until the spring. Meantime the conversion to AUD should Temporarily push the value of the AUD up higher and given how much leverage would be going from JPY to AUD, I'd suspect the rise we see in AUD to be a bit on the extreme side which could lead to us very quickly seeing AUDJPY reach the more macro Fibonacci retraces between 139 JPY to 191.567 JPY.
DOT: plan for the next few months, Dump and big pumpDOT is overall bullish, but I am still expecting a final correction. We have a total of 4 swing highs next to each other, which is a good opportunity for whales to take all stop losses from traders. Do not get caught in the trap and follow my plan. Buy DOT lower and expect a strong bull market this year! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
The network uses an NPoS (nominated proof-of-stake) mechanism with validators and nominators.Nominators back validators with their tokens. These staked tokens maximize chain security by making it prohibitively expensive to misbehave.
Validators are staked on the Relay Chain and confirm transactions coming from the different parachains. This unique validity scheme enables chains to interact with each other securely under the same rules, yet remain independently governed.