Bearish Harmonic Deep Crap Pattern on the H1 chart.
I expect price to continue moving downard in respect of this pattern.
A break and close below this dynamic support will enable the bears to push price down to the 1.38750 double bottom bull terrain.
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.
We are in a once in a lifetime situation as the Coronavirus has gotten to the point of possibly causing a global recession and probably Bearish trend is Continuing this Week.
Therefore Nikkie probably Follows Deep Crab Pattern to reach 1.618 Fibo downtrend Level in this Week.
this is my previous Idea
A bearish deep crab setup on a trend trading opportunity of the higher timeframe. Will be waiting for the retest of the high and engage the trade.
The second target extended.
A deep crab pattern act as a countertrend trading opportunity with RSI Divergence. Trade already engaged but meeting the major support might cause resistance on the trade.
A Type2 bearish shark setup for a trading opportunity, looking to stack trade and trade further for target extension. This may provide very good Reward:Risk (RRR)
A bearish deep crab pattern type2 setup for a countertrend trade. This round, even better it returns with a double top setup with RSI Divergence. How good is that right?
I will need a further confirmation before I engage this trade. A setup like this will take months to complete.
Hi traders
I spotted a bullish Deep Crab forming lower at the 0.69 level
News :
- Aussie wage number came in lower than expected
- Chinese economic data losing steam
obviously it does not help that the tension of the US-China trade war is building up
I would expect the AUDUSD to continue drifting lower. Giving us the potential buy trade at the completion of...
The pair has completed a harmonic Gartley pattern (pink) and we are predicting the completion of a deep crab pattern (blue. As a part of our strategy we bought the pair at the completion of the Gartley and we are now trading both patterns at the same time. Our target is the 4th leg of deep crab. EUR
USDCAD Bearish Deep Crab + Rising wedge pattern
+ Rising wedge pattern
+ Deep Crab pattern's PRZ approaching
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Potential Deep Crab Harmonic Pattern on the 4h
Do wait for a reversal confirmation pattern before entering.
Enter between 1.4100-1.1425
SL 1.4158
TP 1.3141
Pair is currently forming a bullish deep crab formation that completes right at the structure support level. RSI must be oversold and diverging to confirm buy signal at these levels.
BUY @ 1.49340
S/L @ 1.48585
T/P 1 @ 1.50417
T/P 2 @ 1.51104
T/P 3 @ 1.51849
