chrystael
Long

LAST CHANCE ON CRAB

FX:EURUSD   Euro / U.S. Dollar
255 0 1
if you have not read my lessons on crab please go do it.

dont forget because it is a crab doesnt always mean it will trade the way wanted though will be completed.

looking at this critically, you will see the weekly support and resistance on a small thin horizontal line looking kind of defeated.
but looking at price action there is a divergence which leads to a call option pointing on RSI with d buy divergence too.

in a lower time frame from my experience this set ups mostly trade, but i am not sure of it in a bigger time frame.

all i would say here is wait and see what happens.

on monday at the open of market i traded this and took about 60 pips at the nearest resistance out. trailed stop and got stopped out.


finally, just wait to see what happens in the next 4 hourly 2 candles. and then look for the best option to you and make a decision. for me i will wait for longer time to see what happens around this weekly supports and resistances.


good luck

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