Deep Crab
GBPJPY: Key Levels To ShortHey Traders! Here are a few levels to look for to short this pair. The first level I'll be looking for is break out of the rising wedge. A close below the bottom of the wedge will likely mean further price action toward the target zone. If no breakout occurs, I'll be looking for rejection at the Gartley PRZ, then the deep crab if the bullish pullback is strong enough. In the target zone, there's a missed dialy pivot, weekly pivot, and the weekend gap which typically pulls price toward Friday's close. In the longer term, the weekly missed pivot and the 50% fib zone is a great area to look for another rejection. Happy Trading!
STEEMBTC Bullish Deep Crab Deeper AnalysisThis is a continuation of my analysis on the STEEMBTC pair on the 120 minute timeframe. Please see below for previous analysis on this pair.
After Looking at the STEEM/BTC pair I realized I was too premature in my entry last night and should have been more patient and waited for the Deep Crab to fully complete and for price to test all levels of the PRZ before entering my trade. This is a must in harmonic trading as taught by the inventor of Harmonic Trading Scott Carney. Had I stuck to the rules I could have obtained a much better entry and risk to reward ratio. What I learned from this is... always stick to the plan!!
When doing my analysis, I found some nice fib confluence that could act as support. As a result, I moved my stop loss accordingly and planed for new downside targets in case the deep crab fails. My targets remain the same. If this area fails I expect to see downside to the 1.618 projection in the 0.00179 BTC area.
AUDNZD Deep Crab pattern coming in at 1.05AUDNZD has declined 250 pips from 1.0750 and it is ready to be taken to the long side. I am waiting for a confirmation to take this trade.
Best to short USDJPYDeep crab formed and Stoch showing clear diversion, best to short to earn quick pips.
Short Gold , after deep crab.Short at the Blue Zone after the completion of deep crab. As fibbonacci levele also give it a nice support .
NZDCHF M15 deep crab at previous month's highThis is a high probability trade due to the deep crab pattern and the structure that resists it.
Dual Patterns in GBPUSD : Crab & Bat PatternWe have dual pattern formations in GBPUSD daily timeframe. Bullish bat pattern and Bullish deep crab pattern but both the patterns gets completed in same area.
In daily charts of GBPUSD crab pattern is not visible very clearly but when you move down to 4hr charts crab pattern is very clear and Bat pattern also completes in the same zone of crabs D completion. The D point comes exactly in our marked support zone of GBPUSD.
Here we can fix Stops in two ways. Either you can fix stops below X levels or as shown in above chart and in both ways there is good risk reward.
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Happy Trading !
USDCAD Short coming up at 1.3it has been a busy week and really didn't have much time to look at charts. I see an M15 pattern coming up close to 1.3.
The HSI is not aligned yet, so I can't enter the trade yet.
Will wait for confirmation before shorting this. There is also the downward trendline holding this channel
Some Harmonic Patterns to Look Out for on GBPUSDThe Deep Crab is the one that I don't want to forget about here, with that heavy support just above it, but it is likely many weeks off, if it even completes at all.
We still await price reaction before reaching 0.886 retracement of XA to keep the Bat and Crab pattern valid. The Bat may complete within a few days. The Crab is likely to be at least a week out.
Couple of Potential Short Opportunities on EURUSDThe first chance is a simple test of previous support, turned resistance, target recent major support.
The second chance shown here may take a while to develop. It's an harmonic pattern called "Deep Crab", a counter-trend pattern that gives a "potential reversal zone" (PRZ), within which we look to take the counter-trade when price action favors the direction of that trade, while trading inside of the PRZ.
Stops set above major supports. Targets shown on the chart (three in total).
USDJPY Bearish Deep Crab At Key LevelMy previous USDJPY setup didn't work out well but we now have a much better opportunity for going short. Price Has reached the 0.886 fib level of the previous impulsive down move, where it has completed a bearish deep crab pattern. Stoploss should be placed above the swing point of the impulse.
Harmonic Patterns Currently in Play for BTCUSD (4 Hour Chart)I show three harmonic patterns currently in play for BTCUSD - Bullish Crab, Bullish Gartley, and Bullish Deep Crab.
Both of the Crab Patterns have yet to complete (reach point D). The Gartley has completed D and tested every point of its PRZ (enter on test of bottom of PRZ), so we await to see if one, or both, of its targets will be hit (as the Gartley stop-loss was never hit).
BTCUSD Potential Long Opportunity in the Future (Deep Crab Pat.)1.) I show one recent harmonics pattern that has already completed within BTCUSD on the 4 hour time-frame, and hit its targets - Scott Carney's version of the Gartley Pattern.
2.) I show a Deep Crab Pattern that is in formation, and yet to be violated, with descriptions for how to calculate the "potential reversal zone" (PRZ), from which to look for bullish price action to take 2 equally sized long positions (or one position that you will trade in two equal lots later on). I also provide the general stop-loss and targets for this set-up, with a few added pointers on how to make it a high probability trade.
Monday morning trade for GBPUSD on M15 M15 deep crab. The GBPUSD is still an uptrend and I feel this is a good trade to take on Monday AM>
2 reasons to short EURCHF at 1.1155I was looking to short EURCHF Last week at this level, but it didn't yield a signal.
Scott Carney also called out this trade with 1.1155 the level to watch.
2 big patterns emerging at this level 1.1155 and hoping this is the level that should stop the uptrend.
GBPCHF Daily double top in the makingI will keep a keen eye on the 1.4210 level for this pair. There is a deep crab coming at this level but what I like mostly is the fact that this might be a double top in D1.
The potential is huge as the first target is 1.3810 so do keep a look out.
It is similar to the EURCHF setup.
Another reason to watch for the NZDJPY 74.70 levelA deep crab coming in around 74.9. Multiple patterns at the same level with a round number deserves a lot of attention.
Shorting EURAUD for a big moveLast week I shorted EURAUD at 1.56 and I am keen to do the same this week. This pair has been resisted over the last 2 weeks. I am hoping for one last challenge to complete the deep crab at 1.56. I will leave targets open because these kind of trades will usually result in a 200-300 pip move.
Harmonic Bullish Deep Crab on the 1H AUD/USD for MondayI´m going to watch this bullish Deep Crab pattern on Monday. This is a good opportunity to get at least 30-40 pips even before it hits it´s first Target Profit.
