There are 3 targets I'm looking at, 1st level will be where the arrow ended. Target 2 previous recent low and Target3, your guess ya. Do your own analysis for your trade and remember always to place a good stop.
A shorting opportunity presents itself on this Deep Crab setup. Deep Crab often present a healthy Reward:Risk and to top it up, it does have an RSI Div when the market Double Topped. Look left, there's structure.
A Deep Crab formation often forms a healthy Reward:Risk, in addition, RSI Divergence is formed add on to the attraction of the trade. Guess what, look left there is a structure, there is. Look at the block of consolidation.
Although, the market has not touches the sell zone, but Crab often shows a great Reward:Risk. This trade was engaged as a Class C Trade. In Forex100 Academy, a Class C Trade is the 1 we risk the least, at least most of them are.
Bear Bat setup and Pt D completes at previous support, turns resistance. I would need to see additional supporting reason like double top or falling wedge or at lease a pin bar at Pt D completion. Reason being Pt C completion is a double top completion.
Overall Trend for USDJPY still is a bullish move, at least on the daily chart it is, on H1 there is a counter-trend trading opportunity. At Pt D completion, I will be waiting for a double top before considering shorting this pattern as the market is still on a bull run.
Looking for shorting opportunity in this zone, different from EURUSD that can just look for a retest, I will need more confirmation before I engage a short in this trade.
Looking for shorting opportunity at this region, H1 retest of resistance with RSI Div.
A trade setup on a counter trend trade, taking a single target on this, The Resistance(red line) is known as my Target2, however, I will not be taking that not until Target1 is achieved and I wait for the retest before engaging the trade. The head of the Head and Shoulder sits on the PtD of Bullish Deep Crab
When pattern overlap pattern overlap pattern and they are all valid, I call it the Eclipsed. Yeah! We have 5-0, the infamous Double Top with Div and Bear Bat all still valid. What will you do?
Waiting for Double Top to short this and pretty much believe we will see a divergence when that happens, which happen to be one of the criteria for me to engage the trade.
Double Top, candle close below support, turn resistance. Stop Loss shifted to Entry. Risk-Free Trade Attained.
Double Top spotted with RSI Div, Overall Trend Bearish on both Daily and H4 Chart.
Gartley spotted, but I only take a single target as due to bad Reward:Risk should I enter now for Target1.
Bull Shark formation setup before a bigger formation.
Bear Bat looking for shorting opportunity. Seated nicely below the resistance.
wow, look at this support and resistance, pretty nicely restrain
Looking to short Alt Bat, and the setup is below the reisistance.