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Deep Crab

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.
BITSTAMP:BTCUSDLong
by JamesBrown
1
Aussie-Skrilla Key extension and resistance level The double top formation, which is circled on the left shoulder, is a major point of resistance and support on multiple points in the entire instrument. This point is also a 2.414 Fibonacci extension level. Also, on the 4 and 1 hour charts, there is a Deep Crab harmonic pattern, which would suggest a possible bullish rally. I will set my stop at 0.71206 since this is another strong level of former resistance. I will enter the trade upon opening, unless the market gives an aggressively bearish sentiment.
Long
by JustinLeeFarrell
Short Trade Setup In SilverAlthough overall we look for buy setups in silver, we now have a very good potential sell setup. Looking the daily chart we have a deep crab pattern completion with price having already reversed from that 1.618 fib level. In a lower timeframe we see that price has broken below CD wave and it's now correcting. We have a pending head & shoulders pattern which can be traded in two ways. A) We may place an order at the level of the left shoulder with stoploss above head B) we should wait for price to break the neckline (red trendline in the chart). In addition we have a MACD bearish divergence. Too many factors in one place for going short in Silver. Deep crab on daily chart
FX:XAGUSDShort
by Fxprotrader
5
EURUSD Short: 2 Very High Confluency PRZ'sEURUSD is approaching an area of highly confluent short opportunities. I have broken the zones into 2 separate PRZ's to make the boundaries more distinct. I have a short entry at the top of the first PRZ with a SL outside PRZ2. Target placed just above the ab terminus which would coincide with .618cd. Reasoning for each PRZ is broken out below. PRZ1 Confluence: Missed Weekly Pivot Bearish Crab Completion Bearish Butterfly Completion 1.5ab=cd 1.618ab=cd 1.786ab=cd Missed Daily Pivot 0.5XA Retracement 0.5AB Retracement Bearish Knoxville Divergence Printed PRZ2 Confluence: Bearish Crab Completion 1 Bearish Crab Completion 2 0.618AB Retracement If entry is triggered and target is achieved, I will be looking for bullish opportunities around the deep crab completion level near 1.06
Short
by glennmercer