A long legged doji in the PRZ of the bearish Crab?

FX:GBPAUD   British Pound / Australian Dollar
Aggressive entry
I took almost the high of this potential long legged doji with a Shark113 short @ 2.1000. I consider this level as the higher zone of the PRZ of the bearish crab . I will post another logchart with all my trades within this PRZ of the bear crab .

Thus far, each level of the PRZ has tested:
- XA 1.618% extension / BC             2.618 extension
- BC             3.0% extension

For more information about my predefined PRZ see:

Reading the chart
Now if the daily candlestick closes as a long legged doji , I will read this candlestick as bull weakness:

The bulls have tried to overcome this PRZ, but the bears hold their line at the 3.0% extension of BC             . At the end of the day, none of sides has really won. However, since this potential doji started off with a gap to the upside, I think there is some bull exhaustion.

Since I'm already short with the Shark pattern aligned with the 3.0% of the BC             extension of the crab PRZ, I've used my regular stoploss of 1.414% extension of OX of the Shark .

But, there is a nice reward if you're patient enough to hold these positions overnight. I'm targeting the 38.2% retracement of the CD leg of the crab as my first target. My second target would be the 50% retracement .

Entry: 2.0878
SL: 2.0190
target 1: 2.01915. risk/reward: 1:3.24
target 2: 1.9930.
OK, I've been stopped out on this one. The pair acted very volatile as expected! This is very common with extreme patterns. Luckily, I've kept my losses small.
But, I do consider the 2.0 XA extension as a make or break measurement. The crab pattern is still valid
Yes this will work
shoooting star also on 4 hour chart
Mikoxl. PRO prashantfx
You mean the opening of the day with a gap?
I'm short from 2.10079.
The crab seems to be working.
Mikoxl. PRO IvanLabrie
Nice m8! Well, I was looking for a Shark886 and a Shark113 at the 4H chart. But when it comes to even numbers, I've aligned the entry of the Shark to the upside to the 3.0% extension at 2.1, as long as it does not hit the 1.272%.

+1 Reply
Luckily I've based my strategy upon the shark's:


If this will work out, this will be the best shark ever!!
+1 Reply
What's the shark target? 50% of BC?
Mikoxl. PRO IvanLabrie
I always use the 38,2% and the 61,8% as well as the 1,272% extension of BC
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