EUR/USD - Crab Pattern Forming on H1
EUR/USD Analysis
I sight a bullish crab pattern forming on H1 and convergence on the EMAs.
There are 2 PRZs for this pattern.
I like that both zones are very tight, but I would prefer to wait for price to drop to PRZ 2 for better risk to reward.
RSI is secondary, will use as reference when pattern completes.
I sight a bullish crab pattern forming on H1 and convergence on the EMAs.
There are 2 PRZs for this pattern.
I like that both zones are very tight, but I would prefer to wait for price to drop to PRZ 2 for better risk to reward.
RSI is secondary, will use as reference when pattern completes.
Note
Price has hit PRZ1 and showing slight retracement.Wait for this hour candle to close, we want to see the candle closing very close to the PRZ1, then observe the next for retracement.
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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.