There is a bullish Crab pattern in the EUR-USD. Be careful though because the 50% retracement is not very far away and could act as a magnet. Also it corresponds with a 200% extension of AB=CD So one could place either the stops below that price or try to re-enter if stopped out below the last low.
Comments
7777777
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I'm impressed! Where to go?
Night_Trader
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T3 hit ! :-)
steveoliveira
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well done!
Night_Trader
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Offically stopped out ! :-( ... But... I put my stop below the 200% extension because I was late with my entry and so I am still in the game and look now for T2.
Night_Trader
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T2 hit ! :-)
steveoliveira
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This is Bullish Butterfly, because of 1.27XD... The Crab Pattern have 1.618 XD. However that's not the point, it's only names.Just want to say Very good work!!!!
Night_Trader
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Yes ! You are right ! I was too focused on the Fibs which indicate 1.618 of AB=CD. This is obviously a Butterfly !!
I'm impressed! Where to go?