A bullish crab is going to complete at 0.9171 and this gives countertrend traders an angle to look for a buying opportunity.
Should the candle break and close below 0.9171, I will be waiting at 0.9142 on the Crab Pattern HOP Level for a 2nd chance buying opportunity which comes in line with the 4-Hourly chart's Bullish Bat setup.
Some of our traders have tasted the profit from our 1st trade(check out the link at the bottom), well, it's not unique for a crab pattern to retest and offer us a second chance entry, let's see how's 1000(UTC +3)/1500(GMT+8) candle close for me to decide if this is a valid trade.
A Bullish Crab Pattern completes and forms at 0.7353 for traders who are looking for a buying opportunity as a trend trader. Crab Pattern usually consolidates and retest a couple of time before it took off, but after the 1000(UTC+3) candle close, I believe it will just take off.
For conservative traders could be waiting for a double top retracement to the 61.8%...
First, I have to say sorry for the busy chart (BTCUSDT) , but my chart needed these lines . Please spend a few minutes on it.🙏
Location : BTC is on Corrective Structure ( Zig zag 5-3-5 ) for about 51 days (From 64795$ until LIVE price) and I think that this correction will take more time from us (maybe 2 months , just prediction ).
My idea :...
A few weeks ago i posted a Bullish Crab setup for BEST INC and while the price did briefly dip below the PCZ, the price never got near our stoploss and is now well above our PCZ.
BEST will be releasing earnings within the coming weeks and i expect it to have major gains leading to and after earnings.
As of today i have discovered that not only did BEST have a...
I'm excited about the market open and GBPAUD has a part to play in that. I'm waiting for the bearish crab pattern to form and confirm on the 1-hourly chart, which means it is almost certain that this crab pattern will form this coming Monday.
It may draw a Bullish Crab which may end around 1763 . After completing the Bullish Crab the target price should be 1794 and above which is the target of Double Bottom and or the Inverse Head and Shoulder of the right most leg of Double Bottom.
The candle has broken and closes above the bearish channel on its daily chart, it shows a potential change of trend, on top of that the Bullish Bat Pattern is about to form up. I will wait for candlestick confirmation at 1.2518 for a trend reversal trade.
EURUSD on the daily chart shows a bearish trend, but on the 4-hourly and 1-hourly chart is on a bullish trend. This could mean that the lower-time frame shows a potential of change of trend or it is merely a retracement within the bigger bearish trend.
What should you do then? Trade what you see, or don't engage the trade if you aren't comfortable.
As for me,...
A V bottom on the bullish deep crab pattern is nice, but with the bearish engulfing candle, the movement towards profits isn't certain. A break and close below 1.2593 would create challenges for the short term appreciation.
If you are in our community you would have engaged the Bullish Crab Pattern on the USDJPY trade you would have gained 37pips and have your stop-loss shifted to entry without working the market might go against you.
If you have not, that's not the end of the world, since the trendline(blue line) is not broken, that could be an opportunity for you to long. However,...
Well, some asked how do I know the level of rebound even before the fall happens, well that's not the main focus here.
It is important for traders to identify real traders that share their analysis before market movement than those who flaunt their trading results & luxurious lifestyle.
The main focus is at this moment the market presents a good buying...
A perfect scenario for this week trading setup on EURUSD will be a retracement back into the consolidation zone(grey box) and giving us a long shadow candle for us to engage for a shorting opportunity.
It will be better if the trade stretch towards the harmonic patterns, in this case the bullish crab pattern that was a perfect buy zone as it is on the support...