I've spotted two potential bearish patterns completions which lines up with the beginning of the major resistance zone of 122.93 - 126.87. At the rate of 123.54 completes a bearish butterfly pattern. At the rate of 122.99 completes a deep crab pattern. These two patterns in conjunction with the major resistance zone gives me a PRZ of 62 pips to keep an eye on.
The pattern is being invalidated and price also broke out of the descending trend line. The next key level to watch for is 1.2830 level (completion of a Crab pattern). I would love to hear your opinion, feel free to comment, agree or disagree....
Fully technical trade in play here, ignoring fundamentals. ------Trade------ S/L: 39.56 T/P: 46.69~52 range (with trailing stops when it gets to 46) Entry: 41.01
We've had a Crab pattern (grey pattern) complete nicely at the 293 level. I'm looking for a retracement to the 0.618 area around 255-260 before moving higher to the 300-330 region. We also had a Bat pattern completion (just short of the 0.886XA but I'm counting it anyway as most would shadow the level rather than aim for a direct hit) which resulted in a 0.50...
The news about 888 buyout (and later the news about the proposal failure) made the stock spike above the weekly 61.8 Fib level, which was also a major structure resistance zone. Currently 888 still finds support on a small weekly structure zone (140-150), but judging by the daily price action, we could see the price breaking this support zone in the near future....
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)
This pair has been ranging in a 230 pip wide bearish channel on the 30M for the last 18 days. It sharply dropped 100 pips last Friday, on the back of US hourly earnings data being reported at -0.2%, raising warning flags regarding the economy. On top of that, FED members expressed there will be no hurry to do a rate hike this year. Despite all this, on the daily...
A potential pattern to continue riding on the down trend. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
A confluence of a crab pattern and an ABCD pattern. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Definitely a level to watch out for should price comes back down at that level. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Potential Bullish Crab Pattern formed on Daily chart. The pair is currently oversold at the D point completion. Stops can be 10 to 20 pips below 200% extension level of XA leg. Trade setup: 1. Choose position size lot based on your preference 2. Long at 161.8% extension of XA leg (D point completion) 3. 1st target is 38.2% retracement of AD leg 4. 2nd target is...
The low of 13.997 could be considered as completion point of this bullish crab since the PA came so very close. The Price is on $17 and T1 is 18.24. Pay attention to almost overlap of 61.8 retraces as perfect confluence on T2 20.86
With Oil price consolidating a bit Norwegian Krona stopped falling. Since NOK is heavily exposed to Oil, any bullish Oil PA will push the NOK up. $Statoil being the Norwegian largest oil company has a share of over 22% in the Norway stock index OBX. OBX is declining, Statoil shares shows a little recovery, so being long on NOK makes sense from the fundamental standpoint.
Bullish Crab pattern, Entry @ the 1H chart on a Bull candle, Risk: 0,5% Reward: 3.35% R/R ratio: 6.7
2 bearish patterns for short. Bat triggered @103.74, crab awaiting completion, slightly above the 104 even handle @104.05. Look for targets below 103