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Crabpatterns

Exploring Shorting OpportunitiesUSDJPY is currently on a Bullish Trend, but I am keeping an eye out for a shorting opportunity. After analyzing the weekly chart, I have identified a bearish bat pattern that could potentially be a good opportunity to short the market. We just need to wait for a candlestick confirmation and for the market to close at 146.96 to seal the deal. Alternatively, there are also bearish crab patterns on both the 4-hourly chart at 150.43 and the 1-hourly chart at 149.81 that could be worth considering, depending on how aggressive we want to be with this trade. It's worth noting that this trade is a bit tricky, as we may need to be patient and persistent in poking the bear until it starts to give us the bear run we're looking for. If we're too quick to shift stops to entry, we may get stop out a few times, but that doesn't necessarily mean losses for the trade. Overall, I believe we have a good plan in place and I'm excited to see how this trade plays out. Let me know if you have any questions or concerns.
Short
by RaynLim
1
Bearish Trend in Focus!Despite the current bearish trend of the EUR dollar, there are still ways to profit from the market. After analyzing the weekly, daily, 4-hour, and 1-hour charts, I recommend two potential strategies. For a shorting opportunity, the 4-hour chart's key resistance area at 1.0693 provides an excellent entry point. Setting an initial stop-loss at 1.0710 and a target profit of 1.0642, you could potentially earn 510 USD per lot. However, it's important to conduct your own analysis before making any decisions. Alternatively, the 1-hour chart's bullish crab pattern with a bullish trend line presents an excellent buying opportunity. Waiting for a retest of the immediate support at 1.0650, with an initial stop-loss at 1.0630 and a target profit of 1.0672, could result in additional income. By spending just 15 minutes a day, you could potentially earn more. It's important to remember that investing always carries some degree of risk, and it's crucial to conduct your own analysis. Do not blindly follow any advice.
by RaynLim
US Dollar Still Bullish📊 Weekly Chart: Bearish bat pattern suggests shorting at 149.33. 📈 Daily Chart: Bullish movement, no shorting opportunity. 📉 Four Hour Chart: ABCD pattern at 147.76, potential shorting level. 🕐 One Hour Chart: Bullish bat pattern with running profits. 🌟 Weekly Chart Insight: - Bearish bat pattern for potential shorting. - Waiting for confirmation at higher levels. 📊 Daily Chart: - Bearish crab pattern at 150.41. - Focus on 144.79 for buying opportunity. 💡 Trading Opportunities: - Potential short at 149.33. - Buy on retest of 144.79. 📉 Four Hour Chart: - Shorting opportunity at 147.76. - Consider retest at 144.62 for shorting. 🦇 One Hour Chart: - Running profits from bullish bat pattern. - Wait for the violation of 146.29 for resistance confirmation.
Long
by RaynLim
Unraveling Dollar Yen's Trading MazeHey there, traders! 🌟 Let's delve into the tricky landscape of dollar yen – a setup that demands our attention. The overarching trend suggests a bullish journey, but buckle up, because there are twists ahead. 📈 News flashes about the potential Bank of Japan (BOJ) intervention and the recent wastewater stir have stirred the pot. 🌊⚖️ For the conservative trader, a week of observation might be prudent. But for those risk-savvy, why not seize the day? When big news lurks, colossal movement follows, and with the right risk management, why not chase those opportunities? 💼💰 Gazing at the weekly chart, we spot a retest at the previous high – a pivotal zone for the week. The tantalizing prospect of a break and close above this high tantalizes for a continued rally. But guess what? Immediate resistance lurks nearby. 🛑📊 In the grand scheme, to sustain a bullish trajectory, the magic number is 152.02 on the weekly chart. 🚀 Shifting to daily charts, the high gets retested with a sly RSI divergence – a whisper of counter trend play, perhaps? Now, for the four-hour setup, a familiar pattern – retest, RSI divergence – all hinting at an intriguing possibility. And guess what? The one-hour chart mirrors this with its own RSI divergence dance. 🎭📉 For the curious minds eager to learn trading nuances. Now, let's revisit our trusty weekly chart and unfurl our analysis on Dollar Yen. A bearish bat pattern beckons a shorting venture at 149.40. Daily chart enthusiasts, the confirmation for crab pattern enthusiasts swings by at 150.45. Are you eyeing a buy? Retest the immediate support at 144.65 for a potential entrance. Zooming into the four-hour chart, ABCD pattern aficionados can keep an eye on 147.79 for counter trading maneuvers. Buying prospects? 144.62 or 144.02 could be your calling. Remember, when the market respects these levels and avoids sinking further, it signals the support's sturdy stance. 🏗️ And oh, the sweet RSI divergence on the one-hour chart – a touch of icing on our trading cake. Once 146.55 gets a respectful tap, I'll be diving into an aggressive counter trade. 🚀
Short
by RaynLim
6
A Dive into the Australian DollarTrading strategies offer a captivating avenue, providing opportunities to engage trades with less overthinking. In the case of the Australian dollar, however, it has displayed weakness, manifesting a bearish trajectory. Let's explore this together. On the weekly chart, an important point arises – the violation of the previous low. While not a critical support level, it warrants attention. Shifting to the daily chart, a significant support breach is evident, potentially inviting bearish traders seeking shorting prospects in the upcoming week. 📊📉 Zooming into the four-hour chart, the market witnesses a robust bearish movement that transitions into consolidation. This consolidation beckons Counter-Trend Traders to consider buying within this region, while Trend Traders eye selling opportunities around 0.6441. The one-hour chart unveils a similar consolidation, often breeding patterns that attract a flurry of traders. This is a pair that should not be underestimated or overlooked. 📈🔄 Revisiting the weekly chart, trading strategies come into play. The bullish gartley pattern at "X" carries a warning – its slight dip below the pattern merits careful interpretation, contingent on your candle reading skills and trading rules. This approach has worked seamlessly within my trading setup, tailored to specific currency pairs and timeframes. Shifting to the daily chart, sideway movement and increased volatility have persisted for months, casting caution for those seeking buying opportunities on previous support levels. The awareness to discern this pattern could have spared traders potential losses. 📉📈 An intriguing setup emerges – a crab pattern at 0.6193. A counter-trend buying opportunity beckons, although emphasis on magic candle confirmation at the PRZ remains paramount. Progressing to the four-hour chart, my focus is elsewhere. While trendlines and resistance at 0.6439 suggest shorting prospects, they do not capture my attention. 📈📉 The one-hour chart, however, holds promise. A deep gartley pattern setup at 0.6470 signals a shorting opportunity. Upon achieving and surpassing my first target, I may choose to maintain the trade, securing profits. If you're drawn to the allure of dedicating just 15 minutes a day for enhanced income, even to potentially replace your current job, don't hesitate to drop me a message. Let's explore this avenue together. 📈💰
Short
by RaynLim
Riding the Bullish Tide on Pound-Dollar Hello traders! Let's delve into the Pound-Dollar landscape and identify potential buying opportunities. 🇬🇧💱 📊 Weekly Chart Insights 📊 The bullish trend on Pound-Dollar persists, presenting a potential buying chance this week. On the weekly chart, the market retraced to the previous support level, respecting it at 1.2632. This could be a zone to watch for potential buying. 💡 Daily Chart Observations 💡 While the daily chart may seem like a potential head and shoulders setup, I personally refrain from this trade as it doesn't align with my filters and rules. Nonetheless, consider a buying option around 1.2608 if you're inclined. 🔄 Navigating Consolidation 🔄 A closer look at the four-hour chart reveals consolidation. This scenario can be advantageous for traders on lower timeframes like 1-hour and 15-minute, who can seek counter-trend opportunities or harmonic patterns within this zone. 📊 Charting Strategies 📊 Returning to the weekly chart, remember the key buying zone lies between 1.2595 and 1.2632. Respect for the 1.2595 level is pivotal. On the daily chart, a Gartley pattern surfaces, but I lean cautious due to an elongated shadow. ⚙️ Refining Entries ⚙️ For those seeking confirmation, explore the four-hour chart's retest for an improved entry and tighter stop loss. Conversely, a bearish Gartley pattern at 1.2838 could entice shorters. 🔍 The One-Hour Chart 🔍 Keep an eye on 1.2735 on the one-hour chart—a countertrend opportunity in line with higher timeframe trends. Approaching the sell zone, an opportunity might emerge.
Long
by RaynLim
GOLD/ XAUUSD ROAD MAP 🔰 Pair Name : XAU/USD 🔰 Time Frame : 4H 🔰 Scale Type : Small Scale 🔰 Direction : SELL THEN BUY From a highly technical standpoint, it is worth noting that Gold is currently in the process of forming a compelling and exceptional Harmonic Pattern, specifically the bullish Crab Pattern. As the price approaches the XA 1.618 level, approximately around the 1898 area, we anticipate a retracement to occur, at the very least reaching the 1944 area, and potentially extending further to 1956.7 at the B point-C point. It is important to be aware that there is a possibility of the price retracing back to the 1938.5 area today before completing the pattern. It is crucial to exercise caution and make informed trading decisions while staying attentive to the market.
FX:XAUUSD
by Moon_SmartMoney
2
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! 💼📈
Short
by RaynLim
2
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! 📊💭
Short
by RaynLim
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?
Short
by RaynLim
1
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.
Long
by RaynLim
DOLLAR CRASH!? NOPE! NOT NOW!!If you are on the Media, you would have heard that the DOLLAR is CRASHING, countries are ANTI-US DOLLAR, etc, etc... I don't see any crashes happening on the chart. It is important for independent traders like ourselves, not to get swayed by the news headline; see it for yourself. What I'm seeing right now, saddens me more than the crashes; the market is going into the consolidation phase. How do I know that? A series of Bat Patterns, that's it. The market reflects on what market participants felt. If you are looking for shorting opportunity, you are in luck. On Daily Chart(left), Bearish Bat Patterns completing at 136.96 and on the 1-hourly Chart, we have the Bearish Crab Pattern completing at 132.54 and Bearish Bat Pattern completing at 132.87.
Short
by RaynLim
Biggest Profit Potential of the WeekThe Bearish Shark Pattern has been completed on the Daily Chart (right), but it will be crazy to trade off the Shark Pattern on the Daily Chart. A better way is to engage it off the 1-hourly chart(left) using the Bearish Crab Pattern at HOP at retest with an RSI Divergence. Hooooooo! It's a mouthful, but that's what I need to engage the trade. Even if it sounds like a perfect heist, there's a chance that we get multiple stop-out before hitting our first profit, but that's the trade I'm willing to take. This GBPAUD trade almost synchronises with my GBPJPY trade, links at the bottom of this TradingView post. The only thing is that the trade is traded in an opposite direction, which creates a perfect hedge on the UK Pound. As much as my brain loves to think 1 of them will hit stop-loss, not only does it create a perfect hedge, but I do see trades like these worked out. That is why I'll trade once the market confirms my entry, regardless of what other traders might think.
Short
by RaynLim
6