Today, we have tremendous confluence on the 1D AUD/USD chart with a Bullish Crab and Reverse Head and Shoulders pattern.
As price is making its way down to touch the neckline of the Head & Shoulders pattern, a Bullish Crab pattern is shown with D point right at the same reversal zone, while meeting a historically strong rising trendline.
Risk:Reward - 1:3
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