Best Harmonic Chart Pattern Crab

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Please kindly be informed that this is not  Butterfly, Gartley, Bat Patterns although it  looks similar. The Crab is a Harmonic pattern  discovered by Scott Carney in 2000. It is one  of the most precise of all the Harmonic  patterns. Check out this study summary, it  was conducted on 15+M timeframe and  include both bullish and bearish patterns. The  Harmonic Chart Pattern Crab is the only one  which has over 93% of accuracy which is  really great, thing is you need to pay  attention to its Fibonacci ratios to distinguish  it with other Harmony Chart Patterns.
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. The pattern requires a very small stop loss and usually provides an almost exact reversal in the Potential Reversal Zone.

 The Fibonacci levels to be applied in Harmonic Chart Pattern Crab :

Crab Ratios
0.382/0.382/1.618
0.382/0.382/2.000
0.382/0.382/2.240
0.382/0.382/2.618
0.382/0.382/3.140
0.382/0.382/3.618
0.382/0.447/1.618
0.382/0.447/2.000
0.382/0.447/2.240
0.382/0.447/2.618
0.382/0.447/3.140
0.382/0.447/3.618
0.382/0.500/1.618
0.382/0.500/2.000
0.382/0.500/2.240
0.382/0.500/2.618
0.382/0.500/3.140
0.382/0.500/3.618
0.382/0.618/1.618
0.382/0.618/2.000
0.382/0.618/2.240
0.382/0.618/2.618
0.382/0.618/3.140
0.382/0.618/3.618
0.382/0.707/1.618
0.382/0.707/2.000
Crab Ratios
0.382/0.707/2.240
0.382/0.707/2.618
0.382/0.707/3.140
0.382/0.707/3.618
0.382/0.786/1.618
0.382/0.786/2.000
0.382/0.786/2.240
0.382/0.786/2.618
0.382/0.786/3.140
0.382/0.786/3.618
0.382/0.886/1.618
0.382/0.886/2.000
0.382/0.886/2.240
0.382/0.886/2.618
0.382/0.886/3.140
0.382/0.886/3.618
0.447/0.382/1.618
0.447/0.382/2.000
0.447/0.382/2.240
0.447/0.382/2.618
0.447/0.382/3.140
0.447/0.382/3.618
0.447/0.447/1.618
0.447/0.447/2.000
0.447/0.447/2.240
0.447/0.707/2.240
 Crab Ratios                              
0.500/0.382/3.618
0.500/0.447/3.618
0.500/0.500/3.618
0.500/0.618/3.618
0.500/0.707/3.618
0.500/0.786/3.140
0.500/0.786/3.618
0.500/0.886/3.140
0.500/0.886/3.618
0.618/0.382/3.618
0.618/0.447/3.618
0.618/0.500/3.140
0.618/0.707/3.140
0.618/0.707/3.618
0.618/0.786/2.618
0.618/0.786/3.140
0.618/0.786/3.618
0.618/0.886/2.240
0.618/0.886/2.618
0.618/0.886/3.140
0.886/0.382/2.618
0.886/0.382/3.140
0.886/0.382/3.618
0.886/0.447/2.240
0.886/0.447/2.618
0.886/0.447/3.140



Example : Bullish Harmonic Chart Pattern Crab EUR/JPY, 15 min

Example : Bearish Harmonic Chart Pattern Crab EUR/GBP, 15 min
The good point here is you don't have to wait and check for the pattern, it is really time consuming. With the power of technology, we can have the computer do it, it will tell us what the pattern is and draw it out, you can buy such Harmonic pattern indicator for a cheap price.

GBPJPY GBPUSD Breakout Strategies

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GBP/JPY Breakout
• Trade frequency: Daily
• Pair: GBP/JPY
• Timeframe: 15 minutes

Find the opening price of the pair which will  be the price at 12:00am GMT.
Find out the range of the previous day, if  range is below 200 pips, do not trad.
Place a buy stop order 30 pips above the  high of the 12:00 GMT candle and a sell stop  order 30 pips below the low.
Take profit is 25% of the previous days range  or maximum 100 pips. Stop Loss is 40 pips.
Trailing stop loss is 50% of the Take Profit. Close opposite order once an order has been filled.

GBP/USD Breakout
• Trade frequency: Daily
• Pair: GBP/USD
• Timeframe: 15 minutes
 
Find the high and low between 14:00 GMT and 16:00 GMT.
Buy Stop order 3 pips above high, Sell Stop order 3 pips below low.
Take profit 50 pips. Stop Loss 5 pips above and below high and low.
Close opposite order once an order has been filled.
 

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