A bullish deep crab setup within the buy zone, the latest candle that you have seen on my LIVE data did not close below the low of the low price that touches Point D, hence it is still considered to be a long at the buy zone. With the above definition, the market still is a trend trading opportunity. Yes, you hear me right, trend trading.
Is not just a crab pattern but a deep crab pattern with a type2 bullish bat within the buy zone. A great consideration for a trading opportunity but I will leave that decision to you. Happy Friday.
USDCHF formed blue bullish Shark pattern and currently it forming Bearish Deep Crab pattern or bearish alternate 1.618 Butterfly pattern. Watch for short execution in the red boxes.
GBP/USD is looking like a good long for next week. Formed a nice deep crab harmonic pattern. *This is not trading advice. Simply showing you all my thoughts for next week* All feedback appreciated!
As described on the chart
All requirements are hit for a bullish deep crab PRZ
BEARISH DEEPCRAB ADANI POWER PRZ: 67.2 TO 68 T 1 60 T2 55 SL: 71
Waiting for long this pair is like forever, after several days of consolidation Spiked upside and then reversed sharply. I guess they knew that a lot of ppl will long on the Deep crab 1.618 plus quarter point. Hopefully it will drop to PRZ and then looking for reversal , 1st TP will be Fib retracement 23.6% keep in mind, CHF is still pretty strong at the moment
Gold currently has completed Daily butterfly + H4 crab we can clearly short it for this week, looking for reversals on 38.2 or 61.8 TP/resistance area, long term projection will be at deep crab 1.618 area
Bullish Crab setup once again on USDJPY, this time round is on the 1-hourly timeframe. RSI is at the overbought, good opportunity for counter-trend traders to head in for a buying opportunity.
Technical side is pretty decent where price rejected from EMA 55 and 200 plus tested several times on Bat 61.8 TP could not close above. Daily formed a head and shoulder with a decisive bearish candle closed below neckline also 1.5 + 75 pips hesitation zone, huge clue! if we go up to weekly chart, a long period of consolidation, if this week closed big bearish...
8 consecutive weeks of selling Both NZDJPY and AUDJPY, take a look at Deep crab Fib 2 comes in , right below previous spike and loads of support from history. Plus there is a strong Quarter theory support sitting there which if the daily candle cannot close below it, most likely will start retracing. NEWS coming out from NZD(GDP) and JPY(interest rate) next week ...
As we can see on a 12months chart, there is a head and shoulder forming which if the next 2-3 months the previous low can break, we might get a fresh low at the end of OCT. On the other hand, a strong rejection from supply and demand area could cause a crazy uptrend.
All reasons are on the chart. Double bottom not confirmed yet. Good luck all.
We have a bullish DC on the 1H TF for the CELR/BTC pair. Drawn together with the major supports and resistances we have the expected level for the bounce and the TPs. Buy-in: 210 TP1: 227 TP2: 231 (at least 60% of the bag should have been sold here in my opinion). TP3: 239 SL: 198