Harmonic Pattern - Crab
Entry now.
Stop loss at 2.0 XA
Take Profits at 0.382 and 0.618 AD retracements.
Price action immediately started to reverse at 1.618 XA and 3.0 CB.
Levels align nicely in the PRZ.
Warning. I still believe in the long term the pair is going down.
This is possibly an opportunity the make some money off a correction.
***This is an online journal entry.***. As previous entries on my profile i am still learning how to be a Harmonic Trader. I am not a big fan of the crab patterns as they extend quite a bit past the XA leg. Originaly when i started trading patterns I admit i ignored the importance of the AB=CD. But, after reading the Books written by Scott Carney the back bone of...
A strong bearish move, if market break below and close below Dleg, trade may be invalid.
Waiting for confirmation to long for this trade. All will be clear at 4pm(+8GMT)
