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Crab

IOTXUSDT A Cypher Harmonic PatternAlarms are set to 0.03 level, planning to find a long using cypher pattern Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck NOTES: - All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol. - We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade. - Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader. - Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style. Best Regards.
Long
by FXTurkey
EURGBP Deep Crab harmonic + Break and retest.We can see on the daily timeframe a potential deep crab on EURGBP. After the initial bullish reaction breaking the bearish trendline price has now retraced and retest above the trend line. With this price action and the harmonic deep crab i would be looking to take long positions on the lower timeframes and build up a risk free position. On this particular chart i have displayed at entry the 161.8% XA entry point , a 161.8% AB=CD measurment ( denoted by the dashed line ) and a 314% BC projection. The stop for this particular pattern would the 200% XA measurement , Due to the large size of the pattern we would look for similar patterns on much smaller timeframes to allow larger entries for better risk to reward.
Long
by mjchase
CADJPY - SHORT ENTRY PRICE - 86.920Bearish Crab Harmonic Pattern has been formed. It’s time to sell this pair. CADJPY - SHORT ENTRY PRICE - 86.920 SL - 87.100 TP1 - 86.480 TP2 - 86.210 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
1
XAUUSD Bullish Deep Crab , Time to go long on Gold ?We can see the potential makings of a bullish deep crab on the daily time frame. In this particular pattern the Potential reversal zone or PRZ is defined by a 161.8% XA measurement which uses a stop loss at 200% of XA. In this particular instance the pattern exhibits a 127.2% AB=CD measurement and a ~314% BC projection denoted on the chart. These measurements line up extremely well with the 161.8% entry point for the pattern. Due to the huge size of the pattern, and the stop loss it requires we would simply use it as a market narrative and look for similar patterns on lower timeframes allowing for greater risk to reward positions. Targets for this trade are shown at 38.2% and 61.8% retracements of AD.
OANDA:XAUUSDLong
by mjchase
4
SPX-500 Here we have a very controversial Scott Carney Harmonic Pattern. What just about every trader out there can agree upon is the SPX needs a correction. equities are far too expensive right now and liquidity is almost dried up (if that's grammatically correct). Now based on what method each trader subscribes too is where the punches start coming in. S&R traders criticizing trend line traders, with tend line traders criticizing Fibonacci traders , with them criticizing supply and demand traders. with everyone hating on Harmonic Traders LOL. Lik ei have said previously Harmonics is nothing more than finding support and resistance using Fibonacci ratios, and its not sorcery despite popular belief. I myself am a harmonic trader and here we have a Deep Crab Pattern with it projecting roughly a 8.5% drop; however, what would be nice is a 10% drop. This drop would open up a lot of much needed liquidity in the market make equities cheaper and then the bulls can re-enter. What would be nicer would be a 27% drop, but that might trigger Stonks Armageddon and cause a more drastic sell off, but I believe this type of drop would provide the perfect base for a more stable climb in the future, however, that seems a bit improbable, so a 20% drop will do. The yellow lines are what I hope to see. Happy trading!
OANDA:SPX500USDShort
by ARegularGuy
4
EUR/AUD Bullish Deep Crab So, we have a very nice potential trade set up. this is a nice bullish deep crab pattern with a completion of the PRZ and it respected the zone and came out. price came down to retest it and now we are throwing an indecision candle. what i would like to see is PA to remain similar to what it is at this moment and tomorrow (wednesday) finish off as an engulfing candle for a gorgeous entry. Risking 300 pips to gain 700. Nice 2.5:1 RR. As, always TP is .382 of the pattern and we move stops to BE or a little above to beat swap and let the trade do as it wishes after that! #riskfreeorbust
Long
by ARegularGuy