What i think of this pattern, would be a small retracement 61.8% of AD move to reload short towards 1.03xx. I will post up another chart explaining how did i get 1.03xx.
Buy area 1.0580 - 1.06. Target TP around 1.13 to enable us to reload short back to around 1.03.
Today there will be FOMC. Could be the catalyst for this move.
My SL would be at 5 pips below X.
Buy area 1.0580 - 1.06. Target TP around 1.13 to enable us to reload short back to around 1.03.
Today there will be FOMC. Could be the catalyst for this move.
My SL would be at 5 pips below X.
Comment:
So it went up from my buy area. TP is somewhere 1.10xx. To enable for shorts back towards the completion of the other Crab pattern targeting 1.03
