Bearish Crab
Bearish Harmonic - AUDNZD (4Hrs)Hello Traders,
I have spotted Deep Bearish Crab Pattern on AUDNZD. I have highlighted Potential Reversal Zone (PRZ) for short entry. Here, PRZ is made of 1.618 XA, 1.618AB and 2.24BC Fibonacci ratio confluence. I am expecting that price will resist in this area and reverse. This potential trade has a risk/reward ratio of 1:2.4.
Follow this idea for further updates.
Happy Trading!
Bearish Crab. Daily close with market indecision. Update from my previous idea that i marked up on Oanda... Look like we are the zone of crab completion. Whether the interest rates go up or not I should be able to squeeze a good amount of pips if the 361.8 level holds. I took a short entry today for about 100 pips but did not want to hold over the weekend and market closed with a spinning top.
USD/JPY - Bearish Crab (700+ Pips)Make sure to keep this one on your watch list, here we have USD/JPY on a Daily chart with a bearish crab pattern. I'm currently looking at long term moves in the market and this one fits the bill!
The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618
C: 0.382 - 0.886
D: 2.618 - 3.618
Final X to D: 1.618
All-round excellent opportunity, I hope you have a great weekend!
#Gold long on #EW4Very much the same as Silver, Gold pulled back on EW4 in the 38.2 of EW3, found support at EMA89 and reached the former breakout level. As long as the PA stays above $1300 mark, Gold is bullish on EW5. Target on EW is set at $1400 mark with a potential completion of bearishcrab at $1469 mark.
AUD/JPY - Crab & SharkEverything I've seen this week is indicating a strong Japanese Yen for the short term, here we have AUD/JPY on a 4h chart with a bearish crab pattern followed by a bullish shark.
I will be going short all the way down to my 0.618 take profit level at 77.600... Then potentially entering a long position :)
Credit to www.tradingview.com for spotting the bearish crab, very nice setup.
USDJPY ASCENDING TRIANGLE D1The price has touched Fibo Ext 23,6% before down to 38,2% one. It's very interesting.
But they have formed the Ascending Pattern. I hope they growing up to break fibo ext 23,6% and finally to 0%. Or not more bearish to fibo ext 61,8% in order to as my prediction on Gartley Bearish before.
If breakout from fibo 23,6%, I hope they will growing up and finally as my 2nd Harmonic Bearish Pattern (Crab Pattern).
AUD/JPY 4h Bearish Crab + Trend LinesHere, we have a Bearish Crab on the 4h chart.
Valid measurements for a Crab pattern:
B: 0.382 - 0.618 ----> (0.586)
C: 0.386 - 0.886 ----> (0.859)
D: 2.24 - 3.618 ----> (3.049)
X to D: 1.618 ----> (1.618)
Also, we have a trend line running under C and D point.
The second trend line that is barely visible, shown just above D point, is part of a descending channel that has been running for the past year.
With these two trend line running into one another, along with the Bearish Crab harmonic pattern, we have confirmations on multiple time charts that price is about to reverse.
I am very excited to see how this trade will play out in the weeks to come.
InstaGram - @_c_schultheis