NZD/USD - Bullish Crab
We have another Bullish Crab, Traders!
Spotted this just now on the 4H chart.
Keep It Super Simple (K.I.S.S.)
Look for price to hit D point, look for reversal candles and enter the trade.
I can't stress this enough...
MAINTAIN PROPER ACCOUNT MANAGEMENT: 1-2% risk per trade
Risk:Reward - 1:5
The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618
C: 0.382 - 0.886
D: 2.618 - 3.618
Final X to D: 1.618
Spotted this just now on the 4H chart.
Keep It Super Simple (K.I.S.S.)
Look for price to hit D point, look for reversal candles and enter the trade.
I can't stress this enough...
MAINTAIN PROPER ACCOUNT MANAGEMENT: 1-2% risk per trade
Risk:Reward - 1:5
The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618
C: 0.382 - 0.886
D: 2.618 - 3.618
Final X to D: 1.618
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