Euro / DollaroLong
Clarifying Targets // Crab&Bat // IF=THEN ®
Check previous published ideas for EURUSD
Just to clarify potential targets for the Crab Pattern (and a Bat in the middle, Orange pattern).
Typically the point D ends with the XA extension and not as i demonstrate here an AB extension. But both of the targets are correct .
We can adjust those targets synced with previous structure, or taking into account the behaviour of price action at that time of the trade...
... in this case, both of the D point's are valid and synced with previous structure...
AB extension synced with previous structure highs (resistance) and XA extension with previous structure lows (support). Both now acting as Support obviously. ;)
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
CRAB
Point B:
38.2% to 61.8% XA
Point C:
38.2% to 88.6% AB
Point D:
161% ext XA
224% to 316% ext AB
Targets:
TP1 61.8% CD
TP2 127% CD
Hereupon...
Long d ;)
Ratios here:
Safe Trades;
Trading_Jazz
EURUSDJust to clarify potential targets for the Crab Pattern (and a Bat in the middle, Orange pattern).
Typically the point D ends with the XA extension and not as i demonstrate here an AB extension. But both of the targets are correct .
We can adjust those targets synced with previous structure, or taking into account the behaviour of price action at that time of the trade...
... in this case, both of the D point's are valid and synced with previous structure...
AB extension synced with previous structure highs (resistance) and XA extension with previous structure lows (support). Both now acting as Support obviously. ;)
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
CRAB
Point B:
38.2% to 61.8% XA
Point C:
38.2% to 88.6% AB
Point D:
161% ext XA
224% to 316% ext AB
Targets:
TP1 61.8% CD
TP2 127% CD
Hereupon...
Long d ;)
Ratios here:
Safe Trades;
Trading_Jazz
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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