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AUDCHF Crab Pattern Formation and Short Opportunity

AUDCHF Crab Pattern Formation and Short Opportunity

Description: Today’s Aussie employement figures data triggered the AUD Bullish Move. AUDCHF set to complete a Bearish Crab formation on H1 Chart. Potential minor retracement opportunity at D.

TIMEFRAME: H1

THE PATTERN: Bearish Crab

TRADE PERIOD: INTRADAY

AREA OF THE ENTRY: 0.73700 – 0.73750

STOP: ABOVE 0.7390

TARGET 1: 0.73450

TARGET 2: 0.73300

NOTE: Traders who want to use the long opportunity before short trade;  we have a bearish alt bat pattern completed already and price may pullback towards 0.73000 – 0.72900. Enter Long at potential pullback towards 0.73000 with stop 0.72700 targeting 0.73700.

You can view the setup: AUDJPY Crab Formation

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

AUDCHF Crab PAttern: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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