Here on the Euro/ Kiwi ( EUR/ NZD) we have a Nice crab Pattern. now i had this pattern mapped out before the software pulled the pattern. But Needless to say the Pattern is still a good one. The Software does better on the Higher Timeframes. i Like how its picking up more pattern on the major swing points which in my opinion make the patterns stronger. The Pattern has printed the T-Bar. i will be looking to enter this trade and holding over the weekend. Kinda of that Mark Douglas mentality of "if it fits your criteria trade it" and the pattern fits the criteria so, watch my back im going in, if the setup presents itself. the BC leg is completly blown on this pattern but the 618 is still vaild. Again For crab patterns the possibility of it testing the 1.902 is verly likely. so keep your eyes open for that. if the next few candles dont show strong bearish tendencies then its heading up to the 1.902 -2.0 range to test those levels out!
#RISKFREEORBUST
EURNZD
#RISKFREEORBUST
EURNZD
Comment:
Look how gorgeous this pattern work out for us!!! Amazing!!! i took my 100 pips and left the trade. I am waiting now for the retest of the PRZ and for the T2 entry!