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Crab

EURJPY - Bearish Deep Crab HOP LevelA Bearish Deep Crab pattern has touched the D-Point completion at 132.45. Counter Trend traders can consider engaging in the trade. Conservative traders can wait for 1) Further consolidation and make sure it didn't break and close above 132.77 for a shorting opportunity. 2) Wait for consolidation to happen at 133.60 for a shorting opportunity as a second chance entry for a shorting opportunity. That level coincides with the daily chart bearish bat pattern.
Short
by RaynLim
Potential Deep CrabGBPNZD - Potential Daily Crab, D leg lands in the daily demand zone, clears an imbalance and taps a refined OB (This is my ideal entry for a buy, highest probably, lowest DD trade) However price may just clear the daily imbalance (1.93043 level) and then reverse! Will be watching PA as it reaches this level. First level ill take a swing with LTF confirmation at the first if price bounces, and if price comes to mitigate the second level ill add a second order. Whats your thoughts?
Long
by ProFxAI
BAKE VERY BULLISH $2 INCOMING? BAKE has a Bullish Crab pattern forming up on higher timeframe, TF used in this chart is 8hours, we have the last resistance to break and $BAKE will fly. Some more confluences: (1). Bullish Crab Harmonics Pattern. (2). RSI is super bullish. (3). We have a double bottom with major support. (4). Very strong Support sitting at $1.459 Entry: Entry is here at $1.792 TP1: $2 TP2: $2.128 TP3: $2.352 TP4: $2.569 TP5: HOLD THE FREE RUNNERS FOR MOON FLIGHT!
Long
by TychonTrades
2
American Barrick (Gold:NYSE) ....(My Game Plan) I am looking at a American Barrick (GOLD) purchase opportunity on weakness at slightly lower levels. My trigger level is a PRZ (Price Reversal Zone) from approx $16.90 to $15.90 which would satisfy the completion of a bearish Crab pattern and the initiation of the final leg of Cypher pattern whose price objectiveiisi around the $27 level. If things fully work out, and they rarely all do, this idea thus carries a 10:1 reward ratio. Now you have to like gold in general and gold shares in particular to even consider this trade. Barrick's price momentum seems extended and subject to weakness. Barrick recently increased their dividend and one should expect more as major gold companies are experiencing major free cash flow surpluses. 2 points to consider in the shorter term: 1) We have a small gap above here which may be filled and 2)the completion of an ABCD leg may draw in some bottom feeders. If we take out the dotted blue line I may have to reevaluate my thinking. This is a 4 hour chart. Watch the broad market, the Gold price and the GDX for further directional clues. As always this is not investment advice and do your own due diligence on any positions. We are coming into a period of characteristically rapid turmoil so don't be married to any position or view and be nimble. If in doubt... stand aside !! Good Luck S.
NYSE:BLong
by Steve666
1