Potential Deep crab forming along with bullish Priceaction
Descending flag on the 1H and 4H charts. Target 1 : 1.944050 Target 2: 1.908850
Bat completed price on higher time frame is still in an uptrend so we're trading a retracement here, I'm waiting for price action to break another 5 pips to confirm the buy (Break structure) on the lower time frames, but this is looking good for a long back to previous resistance levels. Also USDCAD is bearish and AUDUSD runs 80 ish with this pair!
I hope somebody got in on this trade on Tuesday (I called it with the flag and entered) Currently running 300+ Pips, my exit point will now be the crab D point (Or just before) I will now scalp to that level and then look for shorts!
Price has fallen below previous structure and is continuing to fall! If price closes below structure on the daily ill be waiting for pullbacks and shorts down to the D point of the butterfly!
We have a completed shark on the daily with the D point rejecting from the weekly/monthly lows, im going long here (Going to start with small lot fo 40/50 pips until we have confirmation of direction then buy more positions, im going to use the range of previous highs as targets.
Higher time frame Bias is uptrend, we have a complex pullback with a shark completed on the 1H time frame, price is again making lower lows/higher highs, this looks like a good buy using the previous highs as targets!
Daily Shark plus rejection from monthly/weekly low. Price is making high highs/lower lows, I will swing this with the end target being the previous monthly high
We've had an almost textbook wickoff schematic play-out here along with a shark forming now is the time to sell!
Im expecting another hit to the high tomorrow on London open before the price drops, Price may wick up-to the monthly high before dropping (Keep an eye on this one its a great potential short)
If price closes above the B point I will buy more positions up to the D point of the Harmonic. From there I will analyse price, if price is still bullish I will aim for the weekly high before looking for rejections/sells
If price breaks the X point of the Crab I will be aiming for the D point (This pattern matches my higher timeframe Bias)
If price breaks the B point ill be shorting towards the D point!
Broken Acending flag on the weekly/daily and we have a shark on the 1H chart completed along with a potential double top (If the price from here drops and the Neckline breaks) I'll be looking to short soon!
Will be interesting to see how price reacts to this level
We have a double bottom on the 4H with a shark forming too
How far will price go? I personally think price will touch the old distribution phase (Purple) where price accumulated before the last drop! What do you think?
Will wait for reversal confirmation at the 886 but shark can also rise to 1.13 so don't enter until price gives you confirmation.