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TheForexSamurai
Nov 8, 2018 9:15 AM

H1/H4 - An opportunity to short for almost 2000 points TP 1? Short

New Zealand Dollar/Canadian DollarFXCM

Description

I got an opportunity to short on a potential bearish deep crab (reversal pattern) and stops precise just above previous high price. I could enter via CRT opportunity. On the H1, CRT short is already been executed. We could wait for the H4 to have its CRT or a candle LLLC (lower low, lower close) as well before executing any short/sell trade. We could also wait for a strong reversal setup. Stops not exceeding 50 pips from current price and target for almost 200 pips. Trade at your own risk.

Comment

CRT stance for counter retail technique.
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