GBPUSD is currently at its last support on the bullish trend. If the market closes below 1.1799 on the weekly chart, it will turn bearish.
For those seeking a buying opportunity, the Bullish Crab Pattern may present a good chance at 1.2132 on the retest.
Despite the current bearish trend of the EUR dollar, there are still ways to profit from the market. After analyzing the weekly, daily, 4-hour, and 1-hour charts, I recommend two potential strategies.
For a shorting opportunity, the 4-hour chart's key resistance area at 1.0693 provides an excellent entry point. Setting an initial stop-loss at 1.0710 and a target...
📉 Monthly Chart:
- Support at 0.6160, but no end to bearish trend.
- Consider countertrend moves carefully.
📉 Weekly Chart:
- Market near resistance, but don't miss the bigger picture.
- Be cautious with countertrend trades.
📉 Daily Chart:
- Strong bearish movement.
- Market shows weakness at previous resistance.
📉 Four-Hour & One-Hour Charts:
Harmoinc patterns can be a great way to fool a lot people. This one is a great example. This looks like a bullsih crab for ethusd, and if that’s the case then we will have a bullish first week of september.
Trading strategies offer a captivating avenue, providing opportunities to engage trades with less overthinking. In the case of the Australian dollar, however, it has displayed weakness, manifesting a bearish trajectory. Let's explore this together. On the weekly chart, an important point arises – the violation of the previous low. While not a critical support...
We have 4HR PPO confirmation at a Previous Support Level that aligns with the HOP levels of a Bullish Gartley and Bullish Crab pattern. If we get the expected performance, the NZD will hit 0.85 CAD, but could go as high as 0.89 CAD which would be the 1.618 Extension.
We have a huge Void below us and the Yuan has Rallied away from this Void before, but it appears to now be making a Lower High with Hidden Bearish Divergence on Both the RSI and MACD; If the Yuan Breaks Below the B point of this Potential Crab BAMM which also happens to be The Confirmation Line of what would then also be a 3 Falling Peaks Pattern, we will very...
Hello traders! Let's delve into the Pound-Dollar landscape and identify potential buying opportunities. 🇬🇧💱
📊 Weekly Chart Insights 📊
The bullish trend on Pound-Dollar persists, presenting a potential buying chance this week. On the weekly chart, the market retraced to the previous support level, respecting it at 1.2632. This could be a zone to watch for...
After the Friday Non-Farm Payroll move, lots of retail traders see USDJPY as a Bearish pair. But from what I see the Bullish Trend still stands.
I will wait for the retest of support in the looks of waiting for an opportunity to engage for a buying opportunity at 134.30.
Alternatively, I'm waiting for a buying opportunity at 134.06 on a Bullish Crab Pattern...
LTC after reaching the Bullish Butterfly profit taking target, has pulled back and developed another Bullish 1.618 Harmonic in the form of a Bullish Crab at the 200 Day SMA and Support Zone. If things go like last time we will see LTC trade at these levels for a few days before going for another Higher High eventually.
If you missed the Bullish Crab Pattern on the 4-hourly chart(right), the Bullish Gartley Pattern could be the next best thing that could happen for you.
A retest to 0.9126 on the Bullish Gartley Pattern(left) could get you back on track.
On both Daily Chart and 4-Hourly chart, there is a Bullish confirmation from the Daily Chart Bullish Crab Pattern's with Wedge and RSI Divergence setup and 4-Hourly chart a potential Bullish Flag Pattern.
Personally I'm waiting for a counter-trend trading opportunity on the Bearish Shark Pattern 🦈 traded off at 97.95.
What's your trade plan for this pair?
EURUSD is on a Bullish Trend 🐮. On the Daily Trend EURUSD hit a resistance at 1.0878 as the market respect the Bearish Crab Pattern's HOP Level. If you are looking for Trend Trading Opportunity (looking to buy), I'll be looking to long at 1.0817 because the potential Bullish Shark Pattern converge with the Bullish Crab Pattern, this will attract 2 groups of buyer...
As much as I like to prize this Crab Pattern as the ultimate setup for the week, this Bullish Crab Pattern has a major warning sign.
Trained Harmonic Pattern traders can comment at the bottom.
The reason I would still consider this a Crab Pattern is because the levels converge at 104.08.
The better setup this week is the Bearish Crab Pattern on the USDJPY...
USDJPY's daily chart has a potential bearish crab setup and the 1hourly chart has a potential bullish crab setup.
On the current timeframe, USDJPY has respected the HOP level and reversed, what interest me more is the buying opportunity it presented.
When market opens on Monday, I will wait for a retest of support for a buying opportunity.
A bullish crab setup with RSI Divergence could be encouraging for counter-trend traders. However, you must be aware there is a potentially Bullish Shark pattern on the daily chart.
Despite that, I will wait for buying opportunity at 0.6104.
Bearish Gartley, bullish Crab, impulse up to 48k accordingly to these harmonic patterns. Once there and again, accordingly to both harmonics, there should be a continuation of bullish crab targets, or a correction / downturn of bearish gartley, which I would point toward 44k down to 40k retest if will in fact be a correction meeting bearish gartley targets and...