LewisGlasgow
Short

USD/CAD - Bearish Deep Crab

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Hello traders, it appears USD/CAD             is now forming a bearish deep crab pattern on the 4h chart. This is an excellent opportunity with a potential 300+ pip return!

The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.24 - 3.618
X to D: 1.618

I'll be expecting price to stall out once it reaches the D point, this forms on a key level of resistance!

Keep this setup on your watch list.

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i think its fail
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@malakaru, if it does not reach D, we will not be trading the pattern.
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nbn007 LewisGlasgow
@LewisGlasgow, looks like a hella profitable trade
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@nbn007, yes indeed :)
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thanks u so much, hope can learn more from u ^^
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@RoyRuan, you're welcome! I have plenty of free educational content on TradingView that you will find useful.
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we are waiting till D before we enter trade?
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@panzer88, yes this is an early prediction.
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Thanks!
Reply
@DLESTER, you're welcome :)
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