I've been stalking this crab pattern for a while with high yielding currencies on a tear the last week. There is actually another bearish crab that has completed (not shown here), but I am keeping my eye on this one because price hasn't given me any firm clues of a reversal yet.
Keep an eye on price action on the lower time frames (1hr / 30mins) for a break of the supportive trendline. Once it breaks, I'll open a short trade as shown.
this reflects my opinion and is not financial advice. Trade your own plan.
Happy hunting!
Keep an eye on price action on the lower time frames (1hr / 30mins) for a break of the supportive trendline. Once it breaks, I'll open a short trade as shown.
this reflects my opinion and is not financial advice. Trade your own plan.
Happy hunting!