FX:GBPCAD   British Pound / Canadian Dollar
123 2
Bearish Crab in play in the D1 supply area.
Short target to 1.9900 which is the 61.8% of CD leg
RSI shown well overbought ( D1 + H1)
When price action shows this behavior, even if pattern not yet valid, do you rush in? I would have done it...Sometimes it saves you.
+1 Reply
Well, Sometimes and sometimes not, that trade was missed few pips and this happened a lot of times earlier. the result shows 20% to 30% of the pattern was missed by 10 to 12 pips and right after that we had sharp correction or impulse. I normally switch to lower timeframes and look for PA, like you said. If thats worth it I normally do take the trade with strict money management.
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