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Crab

CADJPY - SHORT ENTRY PRICE - 86.920Bearish Crab Harmonic Pattern has been formed. It’s time to sell this pair. CADJPY - SHORT ENTRY PRICE - 86.920 SL - 87.100 TP1 - 86.480 TP2 - 86.210 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
1
XAUUSD Bullish Deep Crab , Time to go long on Gold ?We can see the potential makings of a bullish deep crab on the daily time frame. In this particular pattern the Potential reversal zone or PRZ is defined by a 161.8% XA measurement which uses a stop loss at 200% of XA. In this particular instance the pattern exhibits a 127.2% AB=CD measurement and a ~314% BC projection denoted on the chart. These measurements line up extremely well with the 161.8% entry point for the pattern. Due to the huge size of the pattern, and the stop loss it requires we would simply use it as a market narrative and look for similar patterns on lower timeframes allowing for greater risk to reward positions. Targets for this trade are shown at 38.2% and 61.8% retracements of AD.
OANDA:XAUUSDLong
by mjchase
4
SPX-500 Here we have a very controversial Scott Carney Harmonic Pattern. What just about every trader out there can agree upon is the SPX needs a correction. equities are far too expensive right now and liquidity is almost dried up (if that's grammatically correct). Now based on what method each trader subscribes too is where the punches start coming in. S&R traders criticizing trend line traders, with tend line traders criticizing Fibonacci traders , with them criticizing supply and demand traders. with everyone hating on Harmonic Traders LOL. Lik ei have said previously Harmonics is nothing more than finding support and resistance using Fibonacci ratios, and its not sorcery despite popular belief. I myself am a harmonic trader and here we have a Deep Crab Pattern with it projecting roughly a 8.5% drop; however, what would be nice is a 10% drop. This drop would open up a lot of much needed liquidity in the market make equities cheaper and then the bulls can re-enter. What would be nicer would be a 27% drop, but that might trigger Stonks Armageddon and cause a more drastic sell off, but I believe this type of drop would provide the perfect base for a more stable climb in the future, however, that seems a bit improbable, so a 20% drop will do. The yellow lines are what I hope to see. Happy trading!
OANDA:SPX500USDShort
by ARegularGuy
4
EUR/AUD Bullish Deep Crab So, we have a very nice potential trade set up. this is a nice bullish deep crab pattern with a completion of the PRZ and it respected the zone and came out. price came down to retest it and now we are throwing an indecision candle. what i would like to see is PA to remain similar to what it is at this moment and tomorrow (wednesday) finish off as an engulfing candle for a gorgeous entry. Risking 300 pips to gain 700. Nice 2.5:1 RR. As, always TP is .382 of the pattern and we move stops to BE or a little above to beat swap and let the trade do as it wishes after that! #riskfreeorbust
Long
by ARegularGuy
DAX D2: Potential Directions // Deep Crab vs. SharkThe price on the German index moves upwards in the ascending channel. On the Daily chart and up, we can see Potential Bearish Crab with the PRZ zone around 17250, more possible with the current trend. Breaking ATH could confirm the pattern. The next significant level would be 15000. Potential double top on a weekly time frame. Dropping below neckline 13,300 would confirm this formation, and that would mean the realisation of the potential Bullish shark pattern. All arrows are just copied and pasted - measured move! More analysis available on polish version TV.
OANDA:DE30EUR
by Kuba_San
2