AUDCAD is nearing a highly confluent zone of resistance. A bearish bat and a bearish crab are set to complete in a tight PRZ that may be contained by trendline and pitchfork resistance. A bearish Wolfe wave setup may also be completed in this area. To add to the bearish bias, two unhit daily pivots sit below price. RSI is overbought as well. Stop loss is...
Note: Tomorrow is the Non-Farm Payroll… so this pair will react significantly to the news event. I am hoping to catch the up move out of the ascending triangle before the news event. Identify: Bearish Sentiment due to New Structural Lows on higher timeframes Ascending Triangle. Implies possible continuation in short-term bullish direction. Based off of...
AUDUSD has entered the PRZ of 3 bearish harmonic patterns. The zone falls in the sell area of a bearish Wolfe Wave and is backed by strong resistance. SL is placed above bat completion. Targets are set at .382 and .618 retracements of CD. Confluence in the PRZ: Bearish bat pattern completion (2X) Bearish crab pattern completion Bearish Wolfe wave ...
USDCAD is nearing the completion of 2 bearish patterns: crab and deep crab. In the same PRZ, a bearish Wolfe Wave structure is nearing completion. An unhit weekly pivot makes for a nice entry with SL above .786XA and targets at .382 and .618 CD retracements. KILL ZONE CONFLUENCE: Bearish crab pattern completion Bearish deep crab pattern completion ...
GBPAUD has been rejected at the PRZ of 3 bearish patterns: Alt. Bat, and 2 Bearish Crabs. A bullish engulfing candle suggests continued downward PA in the short term, and trendline resistance in addition to missed pivots below price may help to drag price down long term. On the D1 chart, a potential head and shoulders pattern is emerging. Targets are placed at...
Got stopped out break even on my first entry and re-entered on next 1 hour bear engulfing candle! Taking a conservative exit on this pair before a possible turnaround! Hope this helped! KEEP THE RADARS UP!!!
CADJPY is nearing the PRZ of two confluent harmonic patterns: bearish Gartley and bearish Crab. The PRZ could potentially be aided by the resistance of a 6 day trendline. First target is placed at the .618 retracement of the Gartley CD leg. If price action continues to show bearish signals after breaking the BAMM line, I will be looking for continued downward...
Hello Traders, Here we have two really good bearish harmonic patterns on the FX:EURUSD and both are very close to their completion points. One of the pattern is bearish bat pattern , while the other one is bearish crab pattern . We are also seeing hidden bearish divergence on the RSI, which is an indication of weakness in the bullish strength. I have...
Hello Traders, Here we have a valid bearish crab pattern that has already been completed on FX:NZDUSD , but we are now able trade this pattern with much lower risk. Market has moved beyond the crab pattern completion point (161.8% Fib extension), which has allowed us to lower the risk and increase our potential profit. The stop loss for this pattern is...
GBPUSD has formed a potential bearish crab which contains a PRZ that coincides precisely with an unhit pivot cluster and a potential Wolfe Wave target. As profits are taken at the pivots, price may have a tendency to reverse quickly and drastically. SL is placed above a significant support and resistance area. Profit is taken at the PRZ of a potential bullish...
Hello Traders, Here we have a VALID BEARISH CRAB PATTERN on FX:USDCAD that is close to the completion point. I've also introduce the cloning strategy into this idea. In cloning strategy you just take pivots high and low and draw the reference box, which you then clone and place it on top of the reference clone box. Next you draw the 1/4 (Quarter) Lines by...
This is very premature but I always go into the week with established expectancy! With that said, between rsi divergence and an ending diagonal wedge pattern testing strong support, a Long trade could be on the horizon! Conservatively, you can trade long on a break above the 1.5200 level just before or during London...Good luck! 125+ pips if this scenario plays...
AUDCAD has been in an overall downtrend on the daily chart and has formed two major PRZ's that present opportunities follow the trend using intelligent entries. In addition to 5 bearish harmonic pattern completions, there are AB=CD variations and BC projections that add to the PRZ confluence. Stops are placed above 1.272XA with targets at the .618 and 1.000...
NZDUSD completed a bearish Wolfe Wave pattern last week and is nearing the PRZ of a bearish Gartley to possibly continue its movement south. This pair has been in a 14 month long downtrend and the steep pitch of the 1-4 Wolfe Wave target line signifies a deeper continued drop is possible. Those who missed the WW sell entry will have an opportunity to enter when...
This is not my typical trade setup but I received a request to take a look at CHFJPY and discovered a nice long opportunity in the process. Price action is showing respect for the .886AB level and has completed a potential C point in a series of harmonic pattern setups. With missed monthly and weekly pivots above price, I would not be surprised if price...
After a strong rally today, EURGBP looks as though it is ready for a pullback. A bearish bat is complete at the same level of the completion of a bearish crab. Stops are placed above strong S/R with targets at the .382 and .618 retracement of CD. Confluence in the PRZ: 1. Bearish bat pattern completion 2. Bearish crab pattern completion 3. 2.618BA...
EURJPY has achieved Wolfe Wave T2 (attached below) and is completing a series of bearish patterns in a confluent reversal zone. On the longer TF, a 1.13 projection of 0X lies at the top of the PRZ. There are also bearish bat and butterfly patterns completing in the area of a Wolfe Wave SELL zone. Missed pivots lie below price which may also drag down price. ...
I mistakenly posted BULL CRAB on the chart...pardon the error! I'm short this pair but I'm more interested in the Long play that follows this retracement...good luck! KEEP THE RADARS UP!