Bearish Crab on $GBPJPY H1 IntradayEntry until 152.760, stops above. Target point B approx. 149.300. Let's see how the price moves when London opens, the downside corrections are usually during this session.
Crab
GBPJPY Crab harmonic pattern Potential for some correction on what has been an extremely bullish few weeks on GBPJPY.
Due to the large size of this pattern I would use it a market narrative and look to accumulate a risk free position on lower timeframes.
IOTXUSDT A Cypher Harmonic PatternAlarms are set to 0.03 level, planning to find a long using cypher pattern
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
NOTES:
- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.
Best Regards.
EURGBP Deep Crab harmonic + Break and retest.We can see on the daily timeframe a potential deep crab on EURGBP.
After the initial bullish reaction breaking the bearish trendline price has now retraced and retest above the trend line.
With this price action and the harmonic deep crab i would be looking to take long positions on the lower timeframes and build up a risk free position.
On this particular chart i have displayed at entry the 161.8% XA entry point , a 161.8% AB=CD measurment ( denoted by the dashed line ) and a 314% BC projection. The stop for this particular pattern would the 200% XA measurement , Due to the large size of the pattern we would look for similar patterns on much smaller timeframes to allow larger entries for better risk to reward.
USDCAD .... Looking for a Reversal BottomKeep an eye on USDCAD which may reverse with oil weakness and DXY strength
We have a evolving Deep Crab Harmonic formation on the 1hr. together with aconfluence of 2 modified Schiff Pitchforks.
Deep Crabs sometimes extend to a 1.90 XA extension which is reflected in our stop placement.
Suggested targets are market.
Do your own DD.
S.
XAUUSD Bullish Deep crab harmonic Pattern.Here we can see what could be the makings of a bullish deep crab harmonic pattern on the 4 hour timeframe.
The entry would line up extremely nicely with the much larger bullish deep crab on the daily timeframe but with a much smaller stop loss.
Bearish Deep Crab H1Open - 84.620
TP1 - 83.938
TP2 - 83.469
TP3 - 82.778
SL - 85.036
Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors.
Bearish Crab on $CADCHF H1 IntradayEntry until 0.74681, stops above, target 0.73810. Enter only after a move down first, test resistance, and short it.
BTC/USD Bearish Crab PatternBitcoin is going to reach point D of Crab Pattern which is located somewhere near $70000.
BTCUSD deep crabBitcoin has broken new highs but we could potentially be looking at a bearish deep crab formation.
CADJPY - SHORT ENTRY PRICE - 86.920Bearish Crab Harmonic Pattern has been formed. It’s time to sell this pair.
CADJPY - SHORT
ENTRY PRICE - 86.920
SL - 87.100
TP1 - 86.480
TP2 - 86.210
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
XAUUSD Bullish Deep Crab , Time to go long on Gold ?We can see the potential makings of a bullish deep crab on the daily time frame.
In this particular pattern the Potential reversal zone or PRZ is defined by a 161.8% XA measurement which uses a stop loss at 200% of XA.
In this particular instance the pattern exhibits a 127.2% AB=CD measurement and a ~314% BC projection denoted on the chart.
These measurements line up extremely well with the 161.8% entry point for the pattern.
Due to the huge size of the pattern, and the stop loss it requires we would simply use it as a market narrative and look for similar patterns on lower timeframes allowing for greater risk to reward positions.
Targets for this trade are shown at 38.2% and 61.8% retracements of AD.
BTC/USDT 8HBTC is going to complete the pattern and reach point D which is probably located somewhere between 67200$ and 68100$.
This is a descending crab pattern and corrections are probable from point D.
Good luck.
