SL at 188,6% Fibo of XA leg TP1 at 38,2% Fibo of CD leg confirmed by resistance line (orange) TP2 at 61,8% Fibo of CD leg ane 38,2% Fibo of AD leg confirmed by previous supports TP3 at 61,8% Fibo of AD leg confirmed by resistance-support line (blue)
Entry point confirmed by historical structures SL at 188,6% Fibo of XA leg TP1 at 38,2% Fibo of CD leg confirmed by previous supports TP2 at 61,8% Fibo confirmed by previous structures Right now the market is retesting old support level. We can also see a possible hidden divergence so there's a big chance that the prices will continue falling and reach the...
This bullish deep crab pattern is near to complete. Be on the watch for it.. When it does, I will look to open LONG positions on this pair. In addition, the RSI is now already in oversold condition and upon the crab completing, should still be so. Also, bear in mind my long-term outlook on this pair. See Related Ideas for that analysis.
Bearish Cyhpher to Deep Bullish Crab
UPDATE #2: Prices have now reversed and closed past my PRZ. Therefore, I have closed this trade and will now sit back and see what happens next. I have posted and alternate scenario for what I think will happen if this bearish crab were not to hold. I will now look to that scenario and see what develops after the weekend. UPDATE: the NFP did cause prices to...
So the deal here is DO NOT TRADE THIS WITH ME. I have never traded a deep crab pattern , therefore i don't know how it is going to work and i have no basis to share with you, but this is a learning experience for all of us. I have placed my entry at some structure down near point D , it seems like pretty secure resistance, so i decided to mark that (in green) as...
Bearish deep crab This potential bearish deep crab has a very large reversal zone. It starts from 2.0744 (2.618 extension of BC) and ends at 2.1418 (3.618 extension of BC). However, this PRZ can be capped by the channel, the very high of 2009-7-10 and the (psychological?) level at 2.1000. If the pair heads up to this PRZ, I expect the pair to be volatile. The...
Here we see price moving up heading to the Daily Trendiline (Downtrend). In that area we meet the 1.618 of the CD level of a Deep Crab Harmonic Pattern which gives us a high probability sell opportunity. As i mentioned in a previous post, i only trade harmonic patterns which form in a key support & resistance level.
A Bearish Deep Crap Could be in spe. BUT so far highly speculative. Conditions: A flush tomorrow for the 88,6 retrace of the X to A-leg (2082 handle) no more no less. This could suck in bears and create a bear trap. It has to be the 88.6 retrace... (A must) Then we have to see a hard reversal for creating a short squeeze that could propel the D leg up for a...
Following last nights 61.8 Target 2 confirmation of the bearish bat, we find support at the 88.6 below target 2. Price is expected to rally up as we come into the full force of US Session to about an 88.6 from X-C following a 1.618 extension from the XA leg to confirm for a Bullish Deep Crab, a very volatile harmonic. Look for as many as 10-20 pips of volatility...
My Fist post here on TV Im Not a pattern trader but today im thinking this is a good probability with the News This is a extremly volatile pattern as price can jump in and reverse fast in PRZ Zone Stops under 2.0 Fib from X-A = 1.2294 caution is advised!
This pair has been ranging in a 255 pip wide bearish channel on the 30M for the last 3 days and 18 hours. We can now see the contour of a 5-point extension structure taking shape: a deep bullish Crab pattern. The price comfortably passed the B point on its way towards the potential reversal zone (PRZ) and has progressed 75% on its way to completion point D. Main...
1D has bearing engulfing bar + deep crab harmonic Taking trade 1H with aggressive 3.7 RR