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Crab

Unraveling Dollar Yen's Trading MazeHey there, traders! 🌟 Let's delve into the tricky landscape of dollar yen – a setup that demands our attention. The overarching trend suggests a bullish journey, but buckle up, because there are twists ahead. 📈 News flashes about the potential Bank of Japan (BOJ) intervention and the recent wastewater stir have stirred the pot. 🌊⚖️ For the conservative trader, a week of observation might be prudent. But for those risk-savvy, why not seize the day? When big news lurks, colossal movement follows, and with the right risk management, why not chase those opportunities? 💼💰 Gazing at the weekly chart, we spot a retest at the previous high – a pivotal zone for the week. The tantalizing prospect of a break and close above this high tantalizes for a continued rally. But guess what? Immediate resistance lurks nearby. 🛑📊 In the grand scheme, to sustain a bullish trajectory, the magic number is 152.02 on the weekly chart. 🚀 Shifting to daily charts, the high gets retested with a sly RSI divergence – a whisper of counter trend play, perhaps? Now, for the four-hour setup, a familiar pattern – retest, RSI divergence – all hinting at an intriguing possibility. And guess what? The one-hour chart mirrors this with its own RSI divergence dance. 🎭📉 For the curious minds eager to learn trading nuances. Now, let's revisit our trusty weekly chart and unfurl our analysis on Dollar Yen. A bearish bat pattern beckons a shorting venture at 149.40. Daily chart enthusiasts, the confirmation for crab pattern enthusiasts swings by at 150.45. Are you eyeing a buy? Retest the immediate support at 144.65 for a potential entrance. Zooming into the four-hour chart, ABCD pattern aficionados can keep an eye on 147.79 for counter trading maneuvers. Buying prospects? 144.62 or 144.02 could be your calling. Remember, when the market respects these levels and avoids sinking further, it signals the support's sturdy stance. 🏗️ And oh, the sweet RSI divergence on the one-hour chart – a touch of icing on our trading cake. Once 146.55 gets a respectful tap, I'll be diving into an aggressive counter trade. 🚀
Short
by RaynLim
6
A Dive into the Australian DollarTrading strategies offer a captivating avenue, providing opportunities to engage trades with less overthinking. In the case of the Australian dollar, however, it has displayed weakness, manifesting a bearish trajectory. Let's explore this together. On the weekly chart, an important point arises – the violation of the previous low. While not a critical support level, it warrants attention. Shifting to the daily chart, a significant support breach is evident, potentially inviting bearish traders seeking shorting prospects in the upcoming week. 📊📉 Zooming into the four-hour chart, the market witnesses a robust bearish movement that transitions into consolidation. This consolidation beckons Counter-Trend Traders to consider buying within this region, while Trend Traders eye selling opportunities around 0.6441. The one-hour chart unveils a similar consolidation, often breeding patterns that attract a flurry of traders. This is a pair that should not be underestimated or overlooked. 📈🔄 Revisiting the weekly chart, trading strategies come into play. The bullish gartley pattern at "X" carries a warning – its slight dip below the pattern merits careful interpretation, contingent on your candle reading skills and trading rules. This approach has worked seamlessly within my trading setup, tailored to specific currency pairs and timeframes. Shifting to the daily chart, sideway movement and increased volatility have persisted for months, casting caution for those seeking buying opportunities on previous support levels. The awareness to discern this pattern could have spared traders potential losses. 📉📈 An intriguing setup emerges – a crab pattern at 0.6193. A counter-trend buying opportunity beckons, although emphasis on magic candle confirmation at the PRZ remains paramount. Progressing to the four-hour chart, my focus is elsewhere. While trendlines and resistance at 0.6439 suggest shorting prospects, they do not capture my attention. 📈📉 The one-hour chart, however, holds promise. A deep gartley pattern setup at 0.6470 signals a shorting opportunity. Upon achieving and surpassing my first target, I may choose to maintain the trade, securing profits. If you're drawn to the allure of dedicating just 15 minutes a day for enhanced income, even to potentially replace your current job, don't hesitate to drop me a message. Let's explore this avenue together. 📈💰
Short
by RaynLim
USDJPY time to SKYROCKET? Crab-patternToday, we have USD news. The idea is to buy the rumor and sell the news. We have B: 50%, C: 71%, D:161.8%... The crab pattern Another Scott Carney discovery, the Crab follows an X-A, A-B, B-C and C-D pattern, which allows traders to enter the market at extreme highs or lows. The most important feature of the crab pattern is the 1.618 extension of the XA movement that determines the PRZ. In its bullish version of the Crab, the first leg forms when the price rises sharply from point X to point A. The AB leg retraces between 38.2% and 61.8% of XA. This is then followed by an extreme projection of BC (2.618 - 3.14 - 3.618), which identifies a valid area for the completion of the pattern and the potential reversal of the current trend. (info by IG) SL above 30 pips. TP: 30, 50, 75, 100 pips. Buy by market. Risk: 0.1 lot.
Long
by JBPip
Chinese Yuan Price Action Setting Up For a Potential CollapseWe have a huge Void below us and the Yuan has Rallied away from this Void before, but it appears to now be making a Lower High with Hidden Bearish Divergence on Both the RSI and MACD; If the Yuan Breaks Below the B point of this Potential Crab BAMM which also happens to be The Confirmation Line of what would then also be a 3 Falling Peaks Pattern, we will very likely then see Downwards Acceleration Towards the 1.618 Fibonacci Extension Below to Complete the Harmonic Pattern
Short
by RizeSenpai
2
Riding the Bullish Tide on Pound-Dollar Hello traders! Let's delve into the Pound-Dollar landscape and identify potential buying opportunities. 🇬🇧💱 📊 Weekly Chart Insights 📊 The bullish trend on Pound-Dollar persists, presenting a potential buying chance this week. On the weekly chart, the market retraced to the previous support level, respecting it at 1.2632. This could be a zone to watch for potential buying. 💡 Daily Chart Observations 💡 While the daily chart may seem like a potential head and shoulders setup, I personally refrain from this trade as it doesn't align with my filters and rules. Nonetheless, consider a buying option around 1.2608 if you're inclined. 🔄 Navigating Consolidation 🔄 A closer look at the four-hour chart reveals consolidation. This scenario can be advantageous for traders on lower timeframes like 1-hour and 15-minute, who can seek counter-trend opportunities or harmonic patterns within this zone. 📊 Charting Strategies 📊 Returning to the weekly chart, remember the key buying zone lies between 1.2595 and 1.2632. Respect for the 1.2595 level is pivotal. On the daily chart, a Gartley pattern surfaces, but I lean cautious due to an elongated shadow. ⚙️ Refining Entries ⚙️ For those seeking confirmation, explore the four-hour chart's retest for an improved entry and tighter stop loss. Conversely, a bearish Gartley pattern at 1.2838 could entice shorters. 🔍 The One-Hour Chart 🔍 Keep an eye on 1.2735 on the one-hour chart—a countertrend opportunity in line with higher timeframe trends. Approaching the sell zone, an opportunity might emerge.
Long
by RaynLim
Unleash the Bullish Potential on GBPUSD!📍 Don't miss out on the ongoing bullish trend – a perfect opportunity for trend traders! Wait for confirmation before entering the market. 💪 ⏱️ Spend just 15 mins a day for lucrative trades! Join our community to learn effective strategies. 📚👥 📉 For counter-trend traders, keep an eye on the harmonic bat pattern at 1.2951 for a potential shorting opportunity. You need to be familiar with the rules before engaging the trade 📊 Trend Traders we have the Bullish Gartley Pattern at 1.2652 and Bullish Deep Crab Pattern at 1.2477, wait for buying opportunity only after confirmation. 🎯 Pro traders might be waiting for a buying opportunity within the buy zone between 1.2854 to 1.2593. Aim for the first target at 1.3092 for long-term gains. 🎯 💡 Master the art of reading trends and trade with confidence. Set alerts and enjoy your free time! 💰💫 👉 Follow my only account @raynlim for daily insights and trade ideas. 📈💡
Long
by RaynLim
NIFTY - "Aliens" in Wonderland It was about UFO's, confirmation of their existence was revealed. Existence of non-human bodies of pilots. The tweets on Aliens also one of the trending in India. While bulls and bears were fighting, the move unfolded as alien to both of them. Bears practically vanished and booked long holiday, while bulls ruled as if no one to worry. With Global cues green, the last hike feeling, pushing to start the day with high octane comes the thunder of sell off. Add to that the FII numbers huge negative. Typically Aug/Sep/October are volatile months, will that be the case this year too. Looks one will get more than bargained for. Dow for its start printed 200 plus move ended in near 200 minus. With stronger economic number came the NIKKI reports of BOJ widening the band. All let loose, Dollar Rallies, err. JPY rallies across the board. This morning Australian inflation data colled, while Japan inflation data roared. The global liquidity support is predominantly Asian led by Japan. This is the cause for concern to the bulls or kings of carry. With the ATH followed by three crows, the green day remained short lived. Yesterday candle is three day engulfing bearish line or even four day as it covers the body. Weekly does not move much. However, the bi-monthly candle would print warning signal of grave stone doji. Too early a call though. For the day 19730 caps (this was the best case scenario) while 19580 is under attack. Initial signs of perfect bullish crab, half the pattern is complete, but this is not the way harmonics is seen but that can be the input to watch. PIP Graph. Trade from short below 19700-730 for move towards 19500.
NSE:NIFTYShort
by sreebhashyam
GOLD MARKET GO BULL-rrrI had short term reservations on GOLD, but zooming out and looking at MAX Potential Gold appears to be on an upper trajectory of 2900/ oz. for paper gold. This is an upper area - ther are other significant targets marked on the chart as well. Physical Gold could end up being much more. Yes there will be some corrections as the DJI, NDX, and SPX move, but overall with the approaching Bear Market GOLD is primed and has not even begun to show off yet. CHEERS!
TVC:GOLDLong
by Moorsc0de
Scott Carney's "Deep Crab" & the Fields Medal in MathematicsQ: What does the former have to do with the later? A: The intuition in the former (S. Carney) is born out by the later (A. Avila; Fields Medal - 2014) From Scott Carney's website; --------------------------------------------------------------------------------------------------------- "Harmonic Trading: Volume One Page 136 The Deep Crab Pattern™, is a Harmonic pattern™ discovered by Scott Carney in 2001. The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg but employs an 0.886 retracement at the B point unlike the regular version that utilizes a 0.382-0.618 at the mid-point. The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone." --------------------------------------------------------------------------------------------------------- From Artur Avila's Fields Medal Citation; --------------------------------------------------------------------------------------------------------- "Artur Avila is awarded a Fields Medal for his profound contributions to dynamical systems theory, which have changed the face of the field, using the powerful idea of renormalization as a unifying principle. Description in a few paragraphs: Avila leads and shapes the field of dynamical systems. With his collaborators, he has made essential progress in many areas, including real and complex one-dimensional dynamics, spectral theory of the one-frequency Schrödinger operator, flat billiards and partially hyperbolic dynamics. Avila’s work on real one-dimensional dynamics brought completion to the subject, with full understanding of the probabilistic point of view, accompanied by a complete renormalization theory. His work in complex dynamics led to a thorough understanding of the fractal geometry of Feigenbaum Julia sets. In the spectral theory of one-frequency difference Schrödinger operators, Avila came up with a global description of the phase transitions between discrete and absolutely continuous spectra, establishing surprising stratified analyticity of the Lyapunov exponent." --------------------------------------------------------------------------------------------------------- The connection here, as it is related to the specific "Deep Crab" harmonic pattern in trading, between intuition and general, analytical result, is illustrated somewhat simplified (but without distortion). In essence, Avila has shown that in dynamical systems, in the neighborhood of phase-transitions in the case of one-dimensional (such as: Price) unimodal distributions, after the onset of chaos, there are islands of stability surrounded nearly entirely by parameters that give rise to stochastic behavior where transitions are Cantor Maps - i.e., fractal. From that point it is an obvious next step to generalize to other self-affine fractal curves , such as the blancmange curve , which is a special case of w=1/2 of the general form: the Takagi–Landsberg curve. The "Hurst exponent"(H) = -log2(w) , which is the measure of the long-term-memory of a time series . Putting it all together, it is not pure coincidence that a reliable pattern (representation) emerges from intuition (observation) which proves to be a highly stable (reliable) pattern that is most often the hallmark of a near-term, violent transition.
CME_MINI:NQ1!Education
by Nemo_Confidat