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Deep Crab

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
USD/JPY - Bullish Deep CrabHello traders, it appears USD/JPY is now forming a bullish deep crab pattern on the 30m chart. This is an excellent opportunity with a potential 150+ pip return! The measurements for a valid deep crab are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.24 - 3.618 X to D: 1.618 I'll be expecting price to stall out once it reaches the D point, this forms on a key level of support! Keep this setup on your watch list going into a new week. Connect with me on social media for more trading inspiration :)
Long
by LewisGlasgow
5