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Bullish Crab

XAUUSD: 2 BULLISH HARMONIC PATTERNS COMPLETING IN PRZs !!!Hello Traders, Good to be back after a while. Looking at gold here and we are seeing 2 really well defined bullish harmonic patterns formed right near the previous structure support. First, we have the bullish Cypher pattern , which is very close to being complete. Notice that the D leg is below the B point, which keeps the pattern valid. Second, we have the bullish crab pattern , which completes a bit further away from the Cypher pattern, thus giving us even a better risk to reward ratio. We also have harmonic ABCD move completing very close to the Cypher completion point (78.6%). The stop level is the same for both harmonic patterns, but it is not a fixed one for you guys. It might be too tight of a stop for some or too large for others. So, feel free to move the stop loss level based on your personal risk appetite. All the targets are color coded for both patterns. See the chart above for more details. Make sure to always focus on the risk that you are willing to take, rather than the reward, it really makes a huge difference in your trading performance and especially in your trading psychology. That’s all I would like to cover for this trade setup. If you guys have any questions or comments about this trade, feel free to write in the comment section located under this description section. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. All The Best :) Follow me on Twitter as well: moneymaking2016
FX:XAUUSDLong
by moneymaking
6
EURJPY: AB=CD HARMONIC MOVE + BULLISH CRAB PATTERN ON 4 HR !!!Hello Traders, After being involved in a nice shorting opportunity on FX:EURJPY , there are key signs of bullish reversal emerging on the 4 hour chart. The first sign is the harmonic AB=CD move completing right at the potential reversal zone (PRZ) , with several Fibonacci extension and retracement levels (Fibonacci Cluster Zone). Next sign of bullish reversal is the completion of bullish crab pattern at 161.8% Fib extension level, which is located within the PRZ. I usually place my stops several pips below the PRZ but since this zone is right at previous structure support (looking left) , we should consider putting our stops below that support level. The first target at 38.2% level is located right at structure level, so we should definitely consider taking some profit off at that level. It’s totally up to you guys on how you want to enter into this trade setup, either via AB=CD pattern or the bullish crab pattern. The stop loss and the targets will remain the same for both patterns, regardless of which one you choose to trade. I would personally be more interested in trading the bullish crab pattern since it has the lowest risk involved. We are also noticing bullish divergence on the MACD , which adds into our list of reasons for going long on this pair. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter-0.04% as well: moneymaking2016
Long
by moneymaking
Bullish Crab - Short - Watch for Fork Break! + Pattern!Currently retracing from .382 fib level, look for price to bounce off the next .382 for trend to continue downwards. Or if it breaks, wait for the price to move to the blue line of the fork, from 2.08158 to the .382 retracement at that level and then continue lower! Overall POSITIVE downtrend! If Head and Shoulders pattern completes, look to take off profit at the .782 retracement level! (Set SL just under the last shoulder peak & Enter just under the LOW of the peak for the best entry point. All the best in your trading! CharlieFX
Short
by proptrading
3
Long EURUSD: Crab + Shark + Fan Support + S/R ZoneEURUSD may potentially complete a pair of bullish harmonic patterns within a very tight PRZ. The PRZ is confluent with a horizontal support/resistance zone and depending on timing may find added support from the .5 fib fan taken from structure low to structure high. SL is placed beyond 1.272XA with targets at .382CD and .618CD retracements of the bullish advanced patterns. Confluence in the PRZ: Bullish shark pattern completion Bullish crab pattern completion Strong S/R zone .5 fib speed fan support TCT Thanks for your support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!
Long
by glennmercer
Long GBPAUD: 5 ReasonsGBPAUD has formed a tight PRZ where a series of bullish harmonic patterns have completed. There is also an unhit weekly pivot above price which may help drive price upward. SL is placed below .886XA with targets at .382CD and the unhit weekly pivot which coincides nicely with .618CD. 5 Reasons to Buy: 1. Bullish Gartley pattern completion 2. Bullish crab pattern completion 3. Bullish butterfly pattern completion 4. Bullish RSI Divergence 5. Unhit weekly pivot above price Thank you for viewing and please don't forget to take a second to click the thumbs up button for future updates and more trade ideas!
Long
by glennmercer