Having the Weekly Support level 1.3606 turns into the Key Resistance Level, GBPUSD is set for a ride down for the foreseeable future. I'm waiting for a shorting opportunity when the market retest 1.3606. Another shorting opportunity could be the bearish trendline that went across Point A to Point C on the Emerging Bullish Deep Crab Pattern.
ONE, Harmony, 4h: out of the sands of this bullish deep crab emerges a triple bottom with bullish convergence. Brick wall at 13.5 cents with MACD flippin green and RSI keeping bullish control zone. The overhead Fibs can be extended to 2, 2.618, 3, 3.618 & 7. This is trading 101. Enjoy! leave a comment if you feel so inclined.
We have bullish Divergence on both the MACD and RSI at oversold levels at the PCZ of a Bullish Deep Crab. Stop Below 1.10 Take profit target: b2 $2.00 and beyond.
Well, is rather rare for me to share my workings this way as I prefer clean chart, so bear with me on this. There's a bullish deep crab setup on the GBPAUD, the level that the setup end was at a Major Support Level, on the daily, 4-hourly and 1-hourly chart. The first target of the bullish deep crab pattern coincides with the assumed retracement level I was...
A counter-trend trading opportunity on GBPJPY for a buying opportunity. I'd engage this trade. The first target fall withing the sell zone of this timeframe. Let's see how this trade rolls out.
The bullish crab pattern has gone past the PRZ level. Right now there is an up arrow all that is needed is a bullish candle confirmation for a buying opportunity. Personally, since it has past the PRZ area, I would rather to wait for candle confirmation at the HOP level.
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.
GBP/CHF COMPLTED A BULLISH DEEP CRAB PATTERN.
POSSIBLE BULLISH DEEP CRAB PATTERN FORMING. IF THIS HAPPENS IT WILL BE AMAZING FOR PEOPLE THAT ARE PATIENT AND WAIT FOR COMPLETION OF THE PATTERN
A bullish deep crab pattern setup and went into consolidation after the HOP level. Would you see this as a fail deep crab? The deep crab pattern is still valid, watch closely. The HSI arrow shows a potential entry for a check back, no doubt the candle has a lower price, but it didn't break and close below the candle that has HSI candle.
A bullish deep crab setup as a counter-trend trade on the 4-hourly chart but it is also a trend trading setup on the daily chart as market reverse at a well-supported level. Interesting to know the reversal point on the daily chart happens to be the second target for the bearish bat on the daily chart.
Another check-back on the bullish crab pattern, having such a long tail in a way comfort me to look for a buying opportunity. That being said, a candle confirmation is required before I engage for a buying opportunity.
A bullish deep crab and bullish abcd pattern converge for a buying opportunity. It is quite common for this to overshoot, and I'm looking for a buying opportunity as a counter-trend trade on this timeframe but trend trading on the daily chart. A candle confirmation is required before I engage the trade.
- Revised Fib Timezone, expected completion of D between mid - Feb to end of Feb TP1: 109.522 TP2: 109.755 SL: 108.827
Potential Deep crab pattern spotted
A multiple completion at a similar range. Bullish Gartley and Bullish Deep Crab on the 4-hourly timeframe and bullish Shark on the 1-hourly timeframe. What will be your trade plan? I have modified both stops and targets if you are interested to know, then you have to join our community. Check out (3)
$RVNBTC, Bids: 290- and 280 Target 1: 319 Target 2: 383 Target 3: 511 Logic: 1. Phantom Channel indicator showing bottom, 2. XABCD Scanner showing a deep .618 which is the deep crab pattern discovered by S. Carney Indicators in use by: @coinobsalgos
This pattern is developing and will complete around 1451.5 Once complete price is expected to rally up Dont forget to give the chart a like and comment below with your thoughts regarding the analysis God bless and good luck to all trading gold