GE has completed a bearish crab pattern in the optimal sell zone for a short Wolfe Wave trade. There is significant bearish divergence in addition to an overbought RSI which add to the bias toward the short side. Two missed weekly pivots sit below price as well, which may help drag the price down. Stop loss can be placed above a significant S/R level while...
$EURUSD used USD weakness to climb above its 200 SMA line again, closing below the important 1.14 resistance zone. $DXY (Dollar Index) is sitting on top of its daily 200 SMA line, a support line that will decide whether USD will resume its strength or start a deeper correction move. Thursday's Fed's announcement should determine the fate of the USD for the near...
I'm hoping to trade Long the completion of this C-D leg and re-test of previous resistance this week. Looking for a possible reversal signs at the Decision Zone for a nice Short opportunity within this range!!! REMEMBER: You never have to jump in blindly at the D completion! Drop to a lower time frame and look for a reversal setup such a 123 pattern for a...
Potential patterns setting up on USDCHF opening up a short opportunity. Pending order set at top of expanding triangle with SL outside PRZ for bearish crab. Target set at at S/R zone and unhit weekly pivot. A second target may be set at the Wolfe Wave profit line.
Will presumably grind nice and slow to target. Making a wave 4 now and 5th wave will bring us to the target Have already made a higher high so no overhead resistance Looks like a 2 day trade. Notations on chart Safe trading ladies and gents @BLawrenceM
EURJPY H1 Bearish Crab Entry: 0% Target 1: 38.2% Target 2: 61.8%
Bearish Crab. Parabolic Sar getting closer to reversal. RSI is in overbought territory. Stop Loss - 1.90964 Short Entry - 1.90556 Target 1 - 1.87811 (6.8 to 1) Target 2 - 1.86145 (11 to 1)
Bearish deep crab harmonic pattern Short AUDNZD 1.1070-80 SL 1.1130 TP 1.0900