Price failed to create a new low and rejected at the 88.6% of previous Lower Low. Most recent Lower High was at 61.8% retracement. This puts us on target for a Bearish Crab or Bearish Gartley. We are expecting a Bearish Crab to complete around the 1.1110 area due multiple confluences (Resistance, Higher Time Frame 61.8%, Quarter Half Point, Higher Time Frame Trendline retest). Not a signal, trade at your own risk.
Entry: 1.0990
SL below swing low : 1.0959 (-31 pips)
TP 1: 1.1050 (+60 pips)
TP 2: 1.1100 (+110 pips)
R/R: 3.62
Entry: 1.0990
SL below swing low : 1.0959 (-31 pips)
TP 1: 1.1050 (+60 pips)
TP 2: 1.1100 (+110 pips)
R/R: 3.62