Bullish Crab - Short - Watch for Fork Break! + Pattern!
Currently retracing from .382 fib level, look for price to bounce off the next .382 for trend to continue downwards.
Or if it breaks, wait for the price to move to the blue line of the fork,
from 2.08158 to the .382 retracement at that level and then continue lower!
Overall POSITIVE downtrend!
If Head and Shoulders pattern completes, look to take off profit at the .782 retracement level! (Set SL just under the last shoulder peak & Enter just under the LOW of the peak for the best entry point.
All the best in your trading!
CharlieFX
Or if it breaks, wait for the price to move to the blue line of the fork,
from 2.08158 to the .382 retracement at that level and then continue lower!
Overall POSITIVE downtrend!
If Head and Shoulders pattern completes, look to take off profit at the .782 retracement level! (Set SL just under the last shoulder peak & Enter just under the LOW of the peak for the best entry point.
All the best in your trading!
CharlieFX
Note
* Excuse me, " Last shoulder completes at around .236 retracement"Trade closed: target reached
3 targets reached! Trade closed.Trade active
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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.