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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!
Short
by glennmercer
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.
Long
by domavila
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. Hit Likes to Agree / Comment your views... Happy Trading !
Long
by InsiderB
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).
Short
by JamesBrown