Potential Bullish Crab Pattern formed on Daily chart. The pair is currently oversold at the D point completion. Stops can be 10 to 20 pips below 200% extension level of XA leg. Trade setup: 1. Choose position size lot based on your preference 2. Long at 161.8% extension of XA leg (D point completion) 3. 1st target is 38.2% retracement of AD leg 4. 2nd target is...
The low of 13.997 could be considered as completion point of this bullish crab since the PA came so very close. The Price is on $17 and T1 is 18.24. Pay attention to almost overlap of 61.8 retraces as perfect confluence on T2 20.86
With Oil price consolidating a bit Norwegian Krona stopped falling. Since NOK is heavily exposed to Oil, any bullish Oil PA will push the NOK up. $Statoil being the Norwegian largest oil company has a share of over 22% in the Norway stock index OBX. OBX is declining, Statoil shares shows a little recovery, so being long on NOK makes sense from the fundamental standpoint.
Bullish Crab pattern, Entry @ the 1H chart on a Bull candle, Risk: 0,5% Reward: 3.35% R/R ratio: 6.7
2 bearish patterns for short. Bat triggered @103.74, crab awaiting completion, slightly above the 104 even handle @104.05. Look for targets below 103
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...
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....
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)
A bearish crab (blue) has formed.. A double top at the 1.618 ext may confirm this trade. If not.. there's another bearish harmonic pattern on the daily chart. The bat pattern (yellow). Let's see if the crab pattern will override the Bat and take price down ****************************************************************************** For inquires of education,...
Bullish Bat pattern (orange) has formed and i'm looking for a bounce at the .886 retracement from X to A leg. Price is currently at good structure and historical support as well there is a confluence between the .886 retracement and 2.24 extension which gives highly confirmation of this pattern playing out. This is only a countertrend trade. EURAUD have been...
There is a nice confluence area for a Bat and Crab pattern to complete, so would be great to sell around 0.9385 and place two targets at key support levels. Stops could be 5 to 10 pips above Crab's D point or above Bat's X point, depending on your risk and money management. Good luck!