EXIDE INDUSTRIES Daily chart, we have a potential Short opportunity's at the D leg completion of bearish CRAB setup.
The price reversal zone on this pair is between 226 & 233.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Crab setup placed at the .382% and .618% retracement of the A to D move.
Target 1 : 208 & Target 2: 193
Stop would be placed levels are behind the next structure level after the D point (234+) or the 2.0 extension of XA (247).
Trade with Care
The price reversal zone on this pair is between 226 & 233.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Crab setup placed at the .382% and .618% retracement of the A to D move.
Target 1 : 208 & Target 2: 193
Stop would be placed levels are behind the next structure level after the D point (234+) or the 2.0 extension of XA (247).
Trade with Care
Trade active:
Price broken & closed below rising trend line
Trade closed: stop reached