If price continues its rally it will give us a bearish deep crab pattern with its D point at a key resistance level. After its completion we should look for a smaller bearish harmonic pattern in the zone around its D point. As for stoploss and profit targets i will come back if a sell setup is formed.
Likes and comments are welcomed..! John
Trade active
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Deep crab has been comleted. We should see price to retrace from that level. We can trade this pattern directly from its D point or a better approach should be to wait for impulsive moves to the down and trade their corrections breakout. If i indetify a setup i will come back with a new post.
HI, thanks for the idea. I m too bearish biased in this pair.... currently already short like post 1 below... also if it fails then still I will look for shorting opportunity as per another post 2 below. Keep it up bro.
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FxSaint
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If post 2 also fails, then I will surely use your idea to sell it third time :)
Fxprotrader
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Keep up what you are doing mate.. Very good analysis...!
Fieldgate
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Worrying that there seem to be the three of us on the same threads here...
Like you I am in already....
Like you I will revisit if this fails higher up too !
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