Greetings fellow traders, today we are analyzing the USD/CHF 4hr chart, looking at a potential Bullish Deep Crab Pattern.
The pattern is in the process of completing the C to D leg, with a potential risk to reward of 1:3.
The measurements for a deep crab pattern are detailed below:
B: 0.886
C: 0.386 - 0.886
D: 2.240 - 3.618
X to D: 1.618
Will be looking to enter this trade with some more confirmations after the pattern is completed.
Please share your thoughts!
The pattern is in the process of completing the C to D leg, with a potential risk to reward of 1:3.
The measurements for a deep crab pattern are detailed below:
B: 0.886
C: 0.386 - 0.886
D: 2.240 - 3.618
X to D: 1.618
Will be looking to enter this trade with some more confirmations after the pattern is completed.
Please share your thoughts!
Comment:
So the C to D leg completed and even dropped well below the PRZ, keeping an eye out for a reversal. Good luck all!
Trade closed: target reached:
Closed the trade after passing the first TP and almost reaching the second TP. Hope you all did well if you activated your trade!