Crab pattern completed with price slightly above PRZ.
RSI is also showing reversal.
R:R at 1.4 (TP1) and 2.3 (TP2).
Traders may want to find an entry to short on H4 chart.
Do adjust lot size according to your risk management, SL is rather high for this one.
RSI is also showing reversal.
R:R at 1.4 (TP1) and 2.3 (TP2).
Traders may want to find an entry to short on H4 chart.
Do adjust lot size according to your risk management, SL is rather high for this one.
Note
Zooming in to H1 chart, there is also a bearish crab pattern completed, reaching TP1 at 38.2% AD retracement.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.