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PatronArmonico
Feb 12, 2016 1:05 AM

XAUUSD Bearish CRAB in play Short

Gold/U.S. DollarFXCM

Description

Complete Bearish CRAB with extreme overbought status
Comments
Eng.Mustafa.Attiya
What is your limit profit?
PatronArmonico
Hi:
Target 1 : 38.2% AD, which happens to be around X point.
Target 2: 61.8% AD
Eng.Mustafa.Attiya
Hello,
I do agree. But the momentum yesterday was really scary and crazy. I can't see it any way but the way you mentioned but the chart is not systematic anymore :(
PatronArmonico
W1,D1,H4,H1 are or come from extreme overbought status. That is why I think price eventually visit X point.
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