Hey Traders! Here are a few levels to look for to short this pair. The first level I'll be looking for is break out of the rising wedge. A close below the bottom of the wedge will likely mean further price action toward the target zone. If no breakout occurs, I'll be looking for rejection at the Gartley PRZ, then the deep crab if the bullish pullback is strong...
This is a continuation of my analysis on the STEEMBTC pair on the 120 minute timeframe. Please see below for previous analysis on this pair. After Looking at the STEEM/BTC pair I realized I was too premature in my entry last night and should have been more patient and waited for the Deep Crab to fully complete and for price to test all levels of the PRZ before...
deep crab+0.618+bat + TL SL:1328 TP1:1347.35 TP2:1354
AUDNZD has declined 250 pips from 1.0750 and it is ready to be taken to the long side. I am waiting for a confirmation to take this trade.
deep crab+ab=cd+fibo prz SL:1367.5 TP1:1352.2 TP2:1342 TP3:1331
Deep crab formed and Stoch showing clear diversion, best to short to earn quick pips.
Short at the Blue Zone after the completion of deep crab. As fibbonacci levele also give it a nice support .
This is a high probability trade due to the deep crab pattern and the structure that resists it.
We have dual pattern formations in GBPUSD daily timeframe. Bullish bat pattern and Bullish deep crab pattern but both the patterns gets completed in same area. In daily charts of GBPUSD crab pattern is not visible very clearly but when you move down to 4hr charts crab pattern is very clear and Bat pattern also completes in the same zone of crabs D completion....
it has been a busy week and really didn't have much time to look at charts. I see an M15 pattern coming up close to 1.3. The HSI is not aligned yet, so I can't enter the trade yet. Will wait for confirmation before shorting this. There is also the downward trendline holding this channel
The Deep Crab is the one that I don't want to forget about here, with that heavy support just above it, but it is likely many weeks off, if it even completes at all. We still await price reaction before reaching 0.886 retracement of XA to keep the Bat and Crab pattern valid. The Bat may complete within a few days. The Crab is likely to be at least a week out.
The first chance is a simple test of previous support, turned resistance, target recent major support. The second chance shown here may take a while to develop. It's an harmonic pattern called "Deep Crab", a counter-trend pattern that gives a "potential reversal zone" (PRZ), within which we look to take the counter-trade when price action favors the direction of...
My previous USDJPY setup didn't work out well but we now have a much better opportunity for going short. Price Has reached the 0.886 fib level of the previous impulsive down move, where it has completed a bearish deep crab pattern. Stoploss should be placed above the swing point of the impulse.
I show three harmonic patterns currently in play for BTCUSD - Bullish Crab, Bullish Gartley, and Bullish Deep Crab. Both of the Crab Patterns have yet to complete (reach point D). The Gartley has completed D and tested every point of its PRZ (enter on test of bottom of PRZ), so we await to see if one, or both, of its targets will be hit (as the Gartley stop-loss...
1.) I show one recent harmonics pattern that has already completed within BTCUSD on the 4 hour time-frame, and hit its targets - Scott Carney's version of the Gartley Pattern. 2.) I show a Deep Crab Pattern that is in formation, and yet to be violated, with descriptions for how to calculate the "potential reversal zone" (PRZ), from which to look for bullish price...
M15 deep crab. The GBPUSD is still an uptrend and I feel this is a good trade to take on Monday AM>