I've been stalking this crab pattern
for a while with high yielding currencies on a tear the last week. There is actually another bearish crab
that has completed (not shown here), but I am keeping my eye on this one because price hasn't given me any firm clues of a reversal yet.
Keep an eye on price action on the lower time frames (1hr / 30mins) for a break of the supportive trendline
. Once it breaks, I'll open a short trade as shown.
this reflects my opinion and is not financial advice. Trade your own plan.