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Deep Crab

EURAUD - Bearish Deep Crab PatternEuro has been on a tumble this week. I got hit with a loss on EURUSD long early week. However I am still convinced Euro is heading higher this week as professional traders often like to buy low during a period of negative news release. Therefore I will be camping higher to short EURAUD on this deep crab pattern. A deep crab pattern is characterized by a 0.886 B point retracement and a XA 1.618 extension at D. Based on the rules of the Deep Crab pattern defined by Scott Carney, these will be the levels I will be watching to trade. Entry 1.5540-1.5550 SL 1.5570 (D +20-30 pips) TP1 1.5460 (CD 38.2%) TP2 1.54 (CD 61.8%) I will always wait for a reaction at the PRZ before entering my trade. No reaction, no trade! Do not risk more than 2% of your equity on any trade.
Short
by TerryHarmonicTrading
UJ Multiple Patterns Deep Crab & Gartley Pattern 4HR XABCD Deep Crab Pattern - In Price Rejection Zone (PRZ) which was found by using the Fibonacci Expansion tool to make an ABA & AXA expansion. To do so, 1. Find the Fibonacci Expansion tool. 2. Start at the A point of the Deep Crab Pattern, click; then to the B point, click; then back up to the A point, Click. -It is the same process for AXA expansion, but you click the X point instead of the B point. Now you need to find what ratios you need for each pattern. Each pattern has it's own target ratios to find the Price Rejection Zone (PRZ). ABA Extension Target: 1.618 (Only show the 1.618 Keep your chart clean.) AXA Targets: 2 & 3.618 (Only show those two for the AXA expansion.) Now that we have found the Deep Crab Pattern's PRZ, we look at the 1 HR chart and see another pattern forming. There are two possible patterns we can see here, the Gartely and the Crab Pattern (not deep crab.. they're different). First step is to draw an XABCD pattern based on what has already happened and what you know about the two patterns. Take a look at my 1HR XABCD point so you know what I am referencing for the next Next, I drew a Fibonacci from the X to the A point. The B point rejected off the .618 ratio on the Fibonacci which is the indicator that it will be either a Gartley or Crab Pattern. Scenario 1: Gartley- Price will reject off the .786 which will be the D point. I will be buying at this point with my Stop Loss below the X point because the D point can never go below the X point to be valid so that is proper Risk Management. Take Profit @ 0 on the Fibonacci (which is also the A point/Previous High) Always take profit at 0. The next step here, once price bounces off the .786, is to draw another Fibonacci from the A point to the D point. Since I will be a buyer, I will use this new A to D Fibonacci to mark my Take Profit Targets. Another confirmation for this Gartley Pattern is if the C point rejects off the .886 on this new A to D Fibonacci, which this example does. For a Gartley Pattern, I always take profit at the .382 of the A to D Fibonacci, wait for a small retracement, then buy again. That next buy, I will take profit at the .618 Fibonacci Retracement Level. That's just about as much as I can possibly predict for USD/JPY IF the Gartley pattern is valid. How do you know the pattern is valid? - The D point WILL NOT break the X point. This is why my Stop Loss will be below the X point. If it does, it will be a crab Pattern. Scenario 2: Crab - D point will be lower than the X point. To find the expected D point for a Crab pattern, draw another ABA & AXA Fibonacci Expansion for this 1HR Pattern Read above to learn how to draw a Fibonacci expansion. The Fibonacci Expansion Targets we need for a Crab Pattern are: ABA - 2.24 AXA - 1.618 The area between those ratios is the new Price Rejection Zone (PRZ) where the D point will be for this 1 Hr Crab Pattern. If the X point is broken by the D point, I will be a seller with my stop loss 30 pips above the X point. The extension ratios will be my Take Profit Targets. I hope this helped you, congratulations, you've just read an analysis on the USDJPY pair. 99% of people have never done what you have just done so if Trading Forex is your thing, definitely connect with me on social media. My username is @takeflightgo on all platforms. I run a free group on Facebook of Forex traders who share ideas and give constructive feedback. It is an idea Meritocracy meaning the good ideas are kept and the failed ideas are reflected on. I also provide everyone free training on trading both Forex & Crypto alt-coins who is in my free group. Yes eventually I will make a paid group ($20/month), but the free group and training will always be there. This VIP group will be for those of you who want a bit more training, resources, and basically a more concentrated group of serious traders (they are willing to pay to be in... they're serious). Reach out to me on Facebook & Insta
by AustinTylor
1
EURJPY: Pending Bearish Deep Crab PatternPrice is heading up and it's about to complete a bearish deep crab advanced pattern, Advanced pattern work pretty well, but I have found out after the years, that they tend to work wonders when completing at key support and resistance levels. Below I am breaking down why this pattern has a great potential as it completes at a key support resistance zone give from the a long term downtrend and median line analysis. SL & TP as shown in the chart. If price reaches the 1rst TP we move SL at BE to 2nd position. Weekly Downtrend: Validation of the upsloping median line: Bearish Divergence. The uptrend is losing it's momentum: Weaking of current uptrend. Resistance has stepped down (sliding parallel of median line): Key resistance zone consists of long term weekly downtrend and sliding parallel of median line: Deep Crab completes into the resistance zone: ** Below you may find the link of my USDJPY bullish Bat pattern drawn in the same fashion as the one of this post. It's already giving us 200+ pips profit and it's still has a good way to go. All the best, John
Short
by Fxprotrader
1
NEXT ZONE TO LOOK FOR EUR/USD SHORT OPPURTINITY!Hello traders, i wish you a very profitable week starting from tomorrow. Let's see a great short opportunity for EUR/USD on 4H chart. TECHNICAL OBSERVATIONS 1.We have a potential Bearish Deep Crab which coincides with previous price structure at 1,20 level where a lot of a shorts are placed. 2.Stochastics are in overbought levels. 3.RSI is in overbought levels. 4.Both Stochastics and RSI indicators are showing that we will have a correction leg to previous support zone before we comlpete the Bearish Deep Crab pattern to 1,20 level. 5.We can see both possible scenarios (black and red scenario) before pattern completion. 6.We must be careful where to put the Buy stop at this pattern because a fake bullish break out will trigger the thousands of shorts waiting at this 1,20 level and we will have a short squeeze. 7.Be careful as this trade is a counter-trend trade because we have higher highs and higher lows plus the price is above the 200EMA still favoring the longs. POSSIBLE SHORT TRADE ENTRY PRICE AT 1,20650 BUY STOP AT 1,21250 FIRST TARGET T1 AT 1,19320 SECOND TARGET T2 AT 1,18400 TWO MORE ADVANCED PATTERNS SPOTTED AT DAILY CHART ON EUR/USD NEW ARTICLE COMING SOON! THANK YOU A LOT FOR YOUR SUPPORT! KEEP FOLLOWING FOR MORE PROFITS!
by The_Greek_Trader
Buy USD/JPY around 111.80-112:two harmonic pattern The USD/JPY is now bearish due to the dark cloud of us tax reform and the delay of the news. I now wait for an opportunity of long USD/JPY from 111.80-112. Why ? Because of the two harmonic patterns : bullish crab and bullish bat. Bullish bats' X is near 111.60 , A is 114.73. So using the XA,help us to locate B point: it's 50 retracement of XA. Bat pattern's D point is determined by 88.6% retracement of XA, in the neighborhood of 112 . At the same time, this is the range of 2.24-2.618 times of BC. Bullish deep crab's X is 113, A point is the same in 114.73. Deep crab is a deep crab because point B is 88.6% retracement of XA , the final inversion point D is 1.618 times that of XA which is 111.80. So here there are two bullish pattern in 111.80-112 This region, which is also a support area, is the last line of defence for the medium-term bulls Buy from 111.80-112 , target at 113, stop loss 111.60, The trading will be active if the price is reached
Long
by yitiancai
11
AUDCHF Deep Bullish Crab + Classic S/R + Trend BreakoutI am not in the trade, I'm just monitoring it. A break and retest of the support level 0.759 black trend, crossing X & A of the Harmonic Pattern, I might consider shorting this pair " FX:AUDCHF " until the "TAKE PROFIT" levels I'm pointing out on my chart. The Harmonic Pattern should be invalid if the wedge is broken upwards. If that's the case and the Resistance level: 0.7721 is broken. We'll be looking at the 113, 127 & maybe 161.8 fib levels you see in my chart. Yet, I'm thinking the Harmonic has more potential to be completed. Time will tell. This is just an idea, not a signal. If you have any corrobarative ideas or counteractive ones, please share them in a comment.
by HHCWW
WE HAVE AN UPCOMING BULLISH DEEP CRAB AT 4H CHART!Hello traders,i hope you all had an amazing trading week. Nobody can argue that we are watching a possible trend reversal(As i successfully predicted on my article below) on EURUSD pair especially after Draghi's speech and strong data from U.S. And i am saying we have a POSSIBLE trend reversal because if we count the current downward move as far as Fibonacci retracements since the crazy upside rally of the EURUSD started we can see that this last bearish move is only a 38,2% Fibonacci retracement. If this is indeed a trend reversal we should have our eyes on this Bullish Deep Crab pattern formation,let's see: TECHNICALS OBSERVATIONS 1.Price is under the 200EMA so we are in a bearish environment and we are waiting further drop. 2.We have a repeating pattern of Head and Shoulders pattern and then break of the neckline. 3.We have the Fibonacci retracements levels from the begining of the upward rally which they coincide almost perfectly with previous price structure. 4.RSI level under 50 mark but not in the oversold area which implies further downside continuation. 5.Currently price is at a level of support but if this level breaks we have a high propability trade with the bullish Deep Crab pattern completion. POSSIBLE LONG TRADE ENTRY PRICE AT 1,1400 STOP LOSS AT 1,13140 FIRST TARGET T1 AT 1,15870 SECOND TARGET T2 AT 1,16885 THANKS FOR SUPPORT! KEEP FOLLOWING FOR MORE PROFITS!
Long
by The_Greek_Trader
USD/CHF Bullish Deep CrabGreetings fellow traders, today we are analyzing the USD/CHF 4hr chart, looking at a potential Bullish Deep Crab Pattern. The pattern is in the process of completing the C to D leg, with a potential risk to reward of 1:3. The measurements for a deep crab pattern are detailed below: B: 0.886 C: 0.386 - 0.886 D: 2.240 - 3.618 X to D: 1.618 Will be looking to enter this trade with some more confirmations after the pattern is completed. Please share your thoughts!
Long
by JustBusiness