As we can Bear Bat forming into a bigger TF of Bear Deep Crab.
- I'm going short at 88.6 of Bear bat targeting only 38.2 of AB move. And then long to the completion of Deep Crab. Target TP is 153.93. Look for buying the dips for completion of Bear Bat.
If you compare with DXY chart, it is bullish for US Dollar. Here presented a completed Bear Bat (Blue) and a possible Bull Crab(Red) coming in at the region of 1.10.
I will look to Short this pair again at 61.8 fib retracement of AB (Red colored box) towards the completion of D Bull Crab.
Coupled with harmonic pattern Bull Butterfly right smacking at the support and fib ext of 127.2
Good RR to go short when its making the right shoulder. Even going long would give you at least 200 pips before the short kicks in.