Deep Crab
USDJPY-Weekly Market Analysis-Mar20,Wk1A bullish deep crab and bullish abcd pattern converge for a buying opportunity. It is quite common for this to overshoot, and I'm looking for a buying opportunity as a counter-trend trade on this timeframe but trend trading on the daily chart. A candle confirmation is required before I engage the trade.
BTC : 9500$ confirm as main supportHi every body, 9500$ confirm as main support
Price is in an impulsive wave
It seems 10020$ is the end of wave 4 and we should wait for wave 5.
10400$ could be a target for wave 5.
price can retrace from 10400$ to make another impulsive wave
If this scenario happen we should have a deep crab pattern
Usually we can see deep crab pattern in wave 4
Trade Ideas Analysis: USDCAD S&RSupport and resistance with modified RSI showing the extreme overbought, give an opportunity to engage the trade for a short.
A great area for perfect Reward:Risk however at such level also have the highest risk of getting stop.
Is this the trade of you? What if I told you the reward can go as high as 6:1, what is your call? Comment down below.
GBPCAD Deep Crab Complete - Possible ShortNews today made all CAD pairs take off so need to be careful before jumping into completed patterns. Should regardless. Like always, waiting on price action to show reversal candlesticks and momentum to start coming down. If so, should get a nice shorting opportunity here.
Trade Ideas Position: GBPUSD SharkA multiple completion at a similar range. Bullish Gartley and Bullish Deep Crab on the 4-hourly timeframe and bullish Shark on the 1-hourly timeframe. What will be your trade plan?
I have modified both stops and targets if you are interested to know, then you have to join our community. Check out (3)
BQXBTC - bullish Deep Crab patternPrice Action here is not clear so be careful with your trade execution. You can watch for long entry after price break the resistance trendline of falling wedge, then set stoploss below the completed point D and set targets into zones on the chart.
Good luck
GBPJPY | Deeb crab pattern in the making?- Point-B validated.
- Point-C valid until it breaks 88.6% of AB
+ Ascending channel pattern indicates uptrend until it breaks the support
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Butterfly Pattern:
Point-B | 88.6% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 161.8% of XA
PRZ | 261.8% - 361.8% of BC
Failed setups:
()
()
USDCAD from deep crab to cypher (UPDATE)Had to share this chart
Deep crab hit TP1 and started to reverse, only to reveal the potential cypher in play
This could be a potential fake break out, but only time will tell.
Dont forget to like the post and state your comments below
Thank you for reading
God bless and happy trading