AUDCAD has completed a bullish crab at a strong level of support. The crab completion level is confluent with 07/2013 lows, CD=2AB, and 2.618BC extension levels. Potential targets on chart.
Hello Traders, After being involved in a nice shorting opportunity on FX:EURJPY , there are key signs of bullish reversal emerging on the 4 hour chart. The first sign is the harmonic AB=CD move completing right at the potential reversal zone (PRZ) , with several Fibonacci extension and retracement levels (Fibonacci Cluster Zone). Next sign of bullish...
GBPCAD has entered the PRZ of a bullish crab. The RSI is quite overextended as well, so a 38.2% correction is likely at these levels. Entry is placed at the base of the PRZ with target at .382CD and SL outside of 1.786XA. Confluence in the PRZ: Bullish crab 3AB=CD 5BC Projection RSI Oversold
Currently retracing from .382 fib level, look for price to bounce off the next .382 for trend to continue downwards. Or if it breaks, wait for the price to move to the blue line of the fork, from 2.08158 to the .382 retracement at that level and then continue lower! Overall POSITIVE downtrend! If Head and Shoulders pattern completes, look to take off profit...
EURUSD may potentially complete a pair of bullish harmonic patterns within a very tight PRZ. The PRZ is confluent with a horizontal support/resistance zone and depending on timing may find added support from the .5 fib fan taken from structure low to structure high. SL is placed beyond 1.272XA with targets at .382CD and .618CD retracements of the bullish...
As shown, we have 2 patterns terminating at the same general area! Let's see how it plays out... 250+ pips to long target...good luck!!! KEEP THE RADARS UP!!!
We could be very close to breaking out of this Flag pattern to the upside and the Bull Crab gives us extra confluence if it plays out! Looking for a continuation lower to start the week which can be shorted from a pullback to the D leg completion or prepare for an immediate break north in which case I will wait for the actual upper trend line breakout before...
AUDNZD is nearing the completion of 3 potential bullish patterns at the retest area of long term trendline support and a significant S/R zone. The wave count indicates this may be the beginning of primary corrective wave C and this could potentially be the start of a 5 wave impulse equal to or greater than the strength of corrective wave ((A)). Bullish RSI and...
GBPAUD has formed a tight PRZ where a series of bullish harmonic patterns have completed. There is also an unhit weekly pivot above price which may help drive price upward. SL is placed below .886XA with targets at .382CD and the unhit weekly pivot which coincides nicely with .618CD. 5 Reasons to Buy: 1. Bullish Gartley pattern completion 2. Bullish crab...
EURNZD has completed a bullish crab at a confluent reversal zone. In addition to the pattern completion, a bullish Wolfe Wave buy zone falls in the same price territory. Also, the BC leg retraced .618 of BA, so I expect support to be found at its correlated ratio of 1.618AB=CD which aligns precisely in the PRZ. Unhit daily and weekly pivots add to the bullish...
EURNZD is completing a conglomerate of potential harmonic patterns to produce a highly confluent kill zone. In addition to a host of pattern completions, there is added support from a long term trendline and another strong S/R area further below price. SL is placed below the S/R area and targets placed at the .382 and .614 retracement of CD. Confluence in...
CADJPY has completed several patterns in an area confluent with a bullish Wolfe Wave buy zone. There's also a strong trendline to support price in alternate bat PRZ. Confluence in the PRZ: 1. 3 Bullish Crab Patterns 2. Alternate Bullish Bat Pattern 3. Long Wolfe Wave Buy Entry 4. Strong Trendline Support Thanks for viewing and don't forget to hit the...
EURJPY has completed a 5 point Wolfe Wave setup after price overshot the 1-3 line and reversed in the 'sweet zone'. Conventional profit target is the 1-4 target line, but a conservative target may be taken at the alternate target line. As published previously, there is a bullish crab T3 at the top of previous structure highs so the trade may be carried out...
EURJPY has completed a bullish crab and has shown signs of a reversal, opening up a nice potential bullish 5-0 trade opportunity. Entry will be at the 50% retracement of the bc leg with a very confluent target area. Target confluence between missed pivots, 61.8%CD (crab target) and 1.618bc=de (5-0 target).
Hello Traders, Here we have a VALID BULLISH CRAB PATTERN on FX:GBPNZD , that is coming close to the completion point. Notice that this pattern's completion point is right at PREVIOUS STRUCTURE SUPPORT ZONE , thus giving giving us extra bit of confidence in trading this pattern. Another main thing to keep in mind is that, the market has already reached the ...
USDJPY has met Target 1, 61.8% retracement of CD leg of the bearish bat pattern created on 6/24. From here, we may look for a potential setup of a number of future harmonic patterns. If price does not reverse at T1, the next Bat target to look for is 122.05. If price rebounds from T1, we may look for a reversal in PRZ, which is the 38.2-88.6 retracement of our...
there is a bullish Crab harmonic Pattern. this bullish pattern and up trend in H1 is only Correction wave for down trend.