USDJPY's daily chart has a potential bearish crab setup and the 1hourly chart has a potential bullish crab setup.
On the current timeframe, USDJPY has respected the HOP level and reversed, what interest me more is the buying opportunity it presented.
When market opens on Monday, I will wait for a retest of support for a buying opportunity.
USDJPY is on a strong Bullish Trend. However, counter-trend traders can wait for a retest at 139.11 to engage a shorting opportunity based on the Bearish Crab Pattern retest at the HOP level.
A retest at the HOP level also means I'll be getting a RSI Divergence.
This first entry got stopped out and now MP Materials is higher, however it is now hitting the 1.13 retrace and may be setting up to come back down within the range if this is a false move like i expect it is. I will officially call the trade off it it trades above the level of $62 and my profit taking targets will be first $30 then $10. I will be trading this in...
I had profited 212pips on the AUDUSD Bullish Deep Gartley Pattern(check out the link at the bottom). It's only 212pips because I got in late.
Now I had shorted the Bearish Crab Pattern at HOP level. One of the perks of this is the Reward:Risk Ratio.
What I didn't like the candlestick consolidation looking left.
Reviewing the continuation of the Bat Harmonic Pattern. Will price break the A-C leg structure?
-My style of trading focuses on flowing with the trend, and patiently waiting for the story price reveals. Fibonacci, Harmonic Patterns , Wave Sequences, Price Action, and a mixture of Multi-Time Frame Confluence. Most importantly the visual realization of emotions...
A bullish crab is going to complete at 0.9171 and this gives countertrend traders an angle to look for a buying opportunity.
Should the candle break and close below 0.9171, I will be waiting at 0.9142 on the Crab Pattern HOP Level for a 2nd chance buying opportunity which comes in line with the 4-Hourly chart's Bullish Bat setup.
Bearish Butterfly Pattern complete at HOP level. I've engaged in this trade as it gave a Great Reward is to Risk Ratio.
Are you familiar with the HOP level?
Do you know the appropriate level to shift your Stop-Loss to Entry?
Comment down below.
This trade can take 2days to - 2weeks to hit its target profit.
Many Harmonic Pattern Traders will look to short gold on the crab pattern completion at Point D, $1864.74, but that's not the right way of doing it. I'm looking for candle confirmation on the HOP level completion at 1878.78.
Well, having the trade stop-out for some it can be a challenge for those to even think of another trading opportunity on this, let alone a shorting opportunity. While that is how a new trader and experience trader will react differently.
As long as the market didn't break and close above the HOP level, it is still a valid bearish shark setup for a perfect...
Having Bearish Butterfly reaching its first target and bounce back to the previous hight at the HOP level shows that the resistance is still in play. At this moment we have a descending triangle within a potential bullish shark pattern that I've planned for a shorting opportunity.
A bullish bat trade setup at HOP level, the overall trend even on the 4-hourly chart it is a bullish trend.
Daily chart there is a bearish shark pattern that acts as a counter-trend trade based on its timeframe.
Buy Limit Set to engage the trade.
On the view of the daily chart, this is a trend trading opportunity. The market is now at the HOP level of this bearish bat setup. Many harmonic patterns traders who didn't go through the right education may just miss this, I'm waiting for further confirmation to engage this shorting opportunity, a break and close below the black trendline will be preferred but at...
Bullish Bat at HOP level, yes you hear me right, a valid setup for this trend trading opportunity. A really nice checkback on the setup, trade engaged.
In this sharp drop in UK Pound, you can either wait for a retest back into the red box to short or consolidation at the HOP level for a buying opportunity on this deep crab setup.
I will need the pink arrow pointing up to appear in order to do that, in addition, a bullish reversal at the HOP level.
A bullish bat setup on the 1-hourly timeframe, well yes it is still valid. GBPAUD has to be treated as the notorious kid in the family, hope this give you the drift. Rebellious, not following the social norm(trading expectation), but it will get there(target) eventually.
It just throws some tantrum(hitting stop-losses) along the way in attracting some...
