Trading_Jazz
Long

Clarifying Targets // Crab&Bat // IF=THEN ®

FX_IDC:EURUSD   Euro / U.S. Dollar
Check previous published ideas for FX:EURUSD            

Just to clarify potential targets for the Crab Pattern (and a Bat in the middle, Orange pattern).
Typically the point D ends with the XA extension and not as i demonstrate here an AB extension. But both of the targets are correct .
We can adjust those targets synced with previous structure, or taking into account the behaviour of price action at that time of the trade...
... in this case, both of the D point's are valid and synced with previous structure...
AB extension synced with previous structure highs (resistance) and XA extension with previous structure lows (support). Both now acting as Support obviously. ;)

BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD

CRAB
Point B:
38.2% to 61.8% XA
Point C:
38.2% to 88.6% AB
Point D:
161% ext XA
224% to 316% ext AB
Targets:
TP1 61.8% CD
TP2 127% CD

Hereupon...
Long @D ;)



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