Bullish Harmonic Crab on USDINR daily chart - 64.47
Updated
Hi,
We have a potential Long opportunity's at the D leg completion of Harmonic CRAB.
The price reversal zone on this pair is between 64.98 (2.618BC) & 63.6(3.618BC) - Most important level to watch the price action at 64.47 (1.618XA).
The PRZ 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 C to D move.
Target 1 : 66 & Target 2: 67.
Stop would be placed below 2.0 extension of XA (63.4).
Note : Crab Usually posses highly volatile price action in the Potential Reversal Zone.
Trade with Care
Gulz
We have a potential Long opportunity's at the D leg completion of Harmonic CRAB.
The price reversal zone on this pair is between 64.98 (2.618BC) & 63.6(3.618BC) - Most important level to watch the price action at 64.47 (1.618XA).
The PRZ 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 C to D move.
Target 1 : 66 & Target 2: 67.
Stop would be placed below 2.0 extension of XA (63.4).
Note : Crab Usually posses highly volatile price action in the Potential Reversal Zone.
Trade with Care
Gulz
Trade active
Trade active
Price entered into PRZ, watch price action on lower time frame for entryOrder cancelled
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