lyl89
Short

EUR/USD - Crab Pattern Forming on H1

FX:EURUSD   Euro / U.S. Dollar
EUR/USD Analysis

I sight a bullish crab pattern forming on H1 and convergence on the EMAs.
There are 2 PRZs for this pattern.
I like that both zones are very tight, but I would prefer to wait for price to drop to PRZ 2 for better risk to reward.
RSI is secondary, will use as reference when pattern completes.
Comment: Price has hit PRZ1 and showing slight retracement.
Wait for this hour candle to close, we want to see the candle closing very close to the PRZ1, then observe the next for retracement.
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