Let's see how the next 2 candles close if it closes within the sideways consolidation, I may just long this pair.
On the daily timeframe, it formed a bullish crab. 2 supporting reason for a long trade. Let see how this work out.
As we suggested earlier, the NZD/JPY pair has made a long term breakout from the descending triangle pattern in its weekly chart.
We expect the pair to retest its broken support.
Also the pair has formed a bullish crab pattern in the 4-hour chart and is finding support at the price zone of 72.400.
Hence we expect the pair to bullish move for the short term but...
On the 4hr GBPUSD chart we see a bullish crab has formed. The D leg has drastically stretched. Look for bullish evidence before taking this trade. I expect the pound to recover and gain strength. All the best mates
Hi guys , you can see the bulllish crab forming on EURUSD , if price drops to 1.618 XA leg we buy and aim for 0.618 and 0.382 fibos. SL will be placed under the 1.618 (Personally i will use 1.2215)
Here i identified one harmonic pattern Bullish Crab which will be completed somewhere 104.10. In my opinion for long term, this pair will go lower towards the handle of 101. If this completion is right, we might have price to do pullback against 110.40 high.
Technical Strategy : Buy Limit 104.10 with Stop Loss at 103.70. Target Take Profit 109.25
After price broke out from the triangle, on the 4hr chart we could see it completed a Bull Crab harmonic pattern. Price might test the triangle apex before making further down move towards the completion of Bull Bat with WXYZ correction i posted earlier on.
C point on the pattern failed to break the high>
B Point is at 88.6% on the Fibonacci>
There was a break of the orange trend-line>
Price is retesting the trend-line to continue the bear market>
The A-B-A Fibonacci Extension level - 200% (2) & 361.8% (3.618)>
The A-X-A Fibonacci Extension level - 161.8% (1.618)>
Between the A-B-A 2 & the A-X-A 1.618 will be my...
This is a short term counter trend trade for a pullback. Although the trend is bearish, a bounce from this support level (on the daily chart) may act as a reversal too.
Trade Safe, Stay Happy.
Let me start by saying I'm not a fan of the crab pattern. The situation is this pair had a pattern that was very close to the correct ratios and that patterns d point is where the market is currently. The only way I will get excited about this crab pattern is if the market starts dropping soon. However, if this turns into a valid crab pattern, as you can see...
AUDUSD Monthly Setup - November
AUDUSD 10/10 - Valid
Caution, I only trade on a moderate trend basis on H4 D1 and sometimes W1 .. I am not chasing any small movement and I also dont easily change my view by giving many...
FX_IDC:EURUSD Monthly Setup - November
EURUSD 09/15 - Valid
EURUSD 10/10 - Valid
The Correlation -Valid
Caution, I only trade on a moderate trend basis on H4 D1 and sometimes W1 .. I am not...