DanielParra99

AUDUSD (Deep Crab Pattern) -15 min Chart

Short
DanielParra99 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Confirmations for Deep Crab Pattern:
A-B leg can retrace anywhere between 0.382 up to 0.618
B-C leg can retrace 0.382-0.886 of AB leg
C-D is an extension of up to 1.618 of XA leg
Take profits at 0.382 and 0.618 (Fibonacci D-C).

Good Trading
Comment:
Inside Higher High - 5min Chart
Butterfly Pattern
- A-B must touch 0.786, but cannot exceed X
- B-C touches 0.382, but sometimes goes further (does not exceed A)
- ABCD formation. D has to reach outside X and touch 1.272 or 1.618
- First TP at 0.618 (Fibo D-A)
- Second TP at 0.382 (Fibo D-A)
- Third TP back to where it all started at top
Good Trading.
Comment:
Deep Crab gave bearish impulse for major Gartley Pattern, right after price reached 0.786 of point D it went bullish reaching 2nd TP.
Confirmations for Gartley Pattern
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- First TP at 0.618 (Fibonacci from D-A)
- Second TP at 0.382 (Fibonacci from D-A)
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