Complex patterns on EURUSD are forming and matching results !!!
Hello guys ,
First of all sorry guys for this crowded chart but couldn't do it better than this but dont worry i will explain. So lets go !!
FIRST , EURUSD is forming expanding flag in higher time frame , 12H-D,
The light orange Pattern is called Deep Crab, and it will happened before the blue Pattern .
Deep Crab Rules :
AB=0.886 XA leg
CB=0.382; 0.886 AB leg , but i took the 0.76.4 because there are a lot of fib retarcement in that area
CD=1.618 XA leg
Note: we can go long when we reach the C leg is completed(1.04100) SL: 1.03362,, T:1.0800
but of-curs after checking your entry setup and strategy.
Targets are: 0.382;0.618 CD Retracement; i will go with the second target because it matches the second pattern ending !
The blue pattern is called Zero-five Pattern , Rules of Five Zero :
AB=1.13 XA leg
CB=1.618-2.24 AB leg
CD=0.5 BC leg
Targets are: 0.382;0.618 CD Retracement
Note: maybe that last target of Zero-Five patter in the time to go short for long term trade , but its too early to think about it
NOTE : USE YOUR STRATEGY TO TRADE, THIS IS ONLY AN IDEA
Please if you like the idea support me with like or comments if you disagree please leave a comment; i would like to know that i am wrong before i lose money :P
First of all sorry guys for this crowded chart but couldn't do it better than this but dont worry i will explain. So lets go !!
FIRST , EURUSD is forming expanding flag in higher time frame , 12H-D,
The light orange Pattern is called Deep Crab, and it will happened before the blue Pattern .
Deep Crab Rules :
AB=0.886 XA leg
CB=0.382; 0.886 AB leg , but i took the 0.76.4 because there are a lot of fib retarcement in that area
CD=1.618 XA leg
Note: we can go long when we reach the C leg is completed(1.04100) SL: 1.03362,, T:1.0800
but of-curs after checking your entry setup and strategy.
Targets are: 0.382;0.618 CD Retracement; i will go with the second target because it matches the second pattern ending !
The blue pattern is called Zero-five Pattern , Rules of Five Zero :
AB=1.13 XA leg
CB=1.618-2.24 AB leg
CD=0.5 BC leg
Targets are: 0.382;0.618 CD Retracement
Note: maybe that last target of Zero-Five patter in the time to go short for long term trade , but its too early to think about it
NOTE : USE YOUR STRATEGY TO TRADE, THIS IS ONLY AN IDEA
Please if you like the idea support me with like or comments if you disagree please leave a comment; i would like to know that i am wrong before i lose money :P
Comment:
Guys getting near the end D leg of the first pattern , wait the rally , the price might not revers immediately don't rush your entry .Good luck
Comment:
Sorry Leg C