AMTrader

EUR/USD Bearish Alt Crab Pattern

Short
FX:EURUSD   Euro / U.S. Dollar
EUR/USD Alt Crab Pattern & Potential 3 Drive Formation

If the next 4 hour candle closes below 1.23323 then the
bearish sentiment will continue.

I have drawn a projected 3 drive pattern in blue, which would
eventually target Point C of the Alt Crab Pattern.

Two possible short trades:

Trade 1
Entry: Close below 1.23323
S/L: 1.23965
T/P: 1.22038

Trade 2
Entry: Close below 1.23041
S/L: 1.23818
T/P: 1.21486

Happy trading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.