Trade Ideas Analysis: USDCAD S&RSupport and resistance with modified RSI showing the extreme overbought, give an opportunity to engage the trade for a short.
A great area for perfect Reward:Risk however at such level also have the highest risk of getting stop.
Is this the trade of you? What if I told you the reward can go as high as 6:1, what is your call? Comment down below.
Deep Crab
GBPCAD Deep Crab Complete - Possible ShortNews today made all CAD pairs take off so need to be careful before jumping into completed patterns. Should regardless. Like always, waiting on price action to show reversal candlesticks and momentum to start coming down. If so, should get a nice shorting opportunity here.
Trade Ideas Position: GBPUSD SharkA multiple completion at a similar range. Bullish Gartley and Bullish Deep Crab on the 4-hourly timeframe and bullish Shark on the 1-hourly timeframe. What will be your trade plan?
I have modified both stops and targets if you are interested to know, then you have to join our community. Check out (3)
BQXBTC - bullish Deep Crab patternPrice Action here is not clear so be careful with your trade execution. You can watch for long entry after price break the resistance trendline of falling wedge, then set stoploss below the completed point D and set targets into zones on the chart.
Good luck
GBPJPY | Deeb crab pattern in the making?- Point-B validated.
- Point-C valid until it breaks 88.6% of AB
+ Ascending channel pattern indicates uptrend until it breaks the support
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Butterfly Pattern:
Point-B | 88.6% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 161.8% of XA
PRZ | 261.8% - 361.8% of BC
Failed setups:
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USDCAD from deep crab to cypher (UPDATE)Had to share this chart
Deep crab hit TP1 and started to reverse, only to reveal the potential cypher in play
This could be a potential fake break out, but only time will tell.
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Thank you for reading
God bless and happy trading
Trade Ideas Position: GBPAUD CrabA bearish deep crab pattern type2 setup for a countertrend trade. This round, even better it returns with a double top setup with RSI Divergence. How good is that right?
I will need a further confirmation before I engage this trade. A setup like this will take months to complete.
another Deep Crab The projected developing Deep Crab completed almost at the exact price forecasted.
Intra-day this pattern looks interesting. Clusters at 1456 and 1463 indicate these as ideal targets.
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Good luck to all trading gold
God bless