EURNZD has made a huge move down and now its just pulled back up to the resistance filling a crab pattern. The pattern has a nice risk to reward ratio as the resistance is strong on the weekly chart as well.... A nice place to short at 'D'.... With stops at 1.618 extension of 'XA'...... and Target 1 at .382 retracement of 'CD'... Target 2 can be trailed.....
First off, I'm ashamed I didn't take this trade. I've started analyzing forex pairs in-depth again, but I was a day too late with this one. I finished the Euro and Pound last night/this morning. This trade combines a slightly off Bat + a symmetrical Crab. The Bat is literally 8-9 bars out of it's allotted completion time, however, the Crab isn't. Again, I...
there is a bullish Crab harmonic Pattern. this bullish pattern and up trend in H1 is only Correction wave for down trend.
After making a historical high @888, turning on bearish crab. Target below 800 @785
The PA reached 1.019 and ret. to 23.6. Twinser rejection and PA is back @1.017. The RBA decision will be crucial to the direction, cont. or perhaps new highs
I posted this several weeks ago when the market was trading around 1.3600 We hit the long entry a couple days ago. I've tried a couple times to buy up the EURUSD and it's been very weak. That happens frequently when you're picking tops and bottoms. The benefit is that you tend to have small losses. There is a rather wide reversal zone here as outlined in...
It seems EURGBP is determined to drop with all the bearish harmonics showing up on the chart. As previously posted, a bearish Gartley was filled along with the linked bearish Cypher and now, a bearish Crab. The overlapping of bearish patterns may suggest that the harmonics may turn out to be self fulfilling this time and also backing the major down trend. Look...
CZ formed in the 9600-50 range with possible bullish move of 100 points to 1st res. @9750 and 2nd major res. @9827. Breaking 9870 DAX might go for another run to 10k
UJ managed to make a new high very close to 102. PA rejected at median for a further down move. RSI signaling short below the overbought area. With recent data showing signs of $ strength a new high is likely before a significant move down. Many short patterns emerging.
EU is declining with no significant ret. yet. Maybe there won't be any until EU reaches the bottom, wherever it may be. Meanwhile a long opportunity below 34 awaits on ABCD and a bit lower, on crab completion.
Nice setups for shorts on bearish bat (red) and 2 crabs (blue, green). The nicest thing about these setups is the range of only 23 pips between them. A good res. is expected at strong structure on these levels. RSI below OB (overbought) area so enough space to reach them.
Rarely do I see these patterns, let alone trade them. The Euro has broken some major support levels and trendlines. Whether it's a false break or not, we'll have to wait and see. Judging from the tick volume I use in Metatrader, there hasn't been any indication of large amounts of demand entering the market, which is why I'm not too excited about this pattern....
A bullish crab is in the formation on EURUSD.... Looking for entry at 'D' (1.618 of XA leg), where, it can also be observed that the entry point rests on there previous structure.... T1 - At the level 'X'... T2 - At intermediate resistance i.e. Point 'B'... Note: The pair is at the 2014 lows and hence pattern may not react strongly and the price may rebound of...
After breaking out of the wedge, GBPCHF made a new high @1.533. Bearish crab for short completing @1.536
Looking at H4 a possible H/S pattern formation which could break wedge bearish (wedge lower boundary TL acts as neck line). Currently in play the small bearish bat. However, in case of a bullish wedge breakout, 2 bearish patterns awaiting at 709 (butterfly) and at 7127 (crab)