Pavan Kulkarni
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Pavan Kulkarni in Pavan Kulkarni,

EURUSD - Bullish Crab Pattern



A chance to bite the crab....

Looking for long at 1.3400 levels (1.618 extension of the first impulse leg of the pattern) as it is observed that the entry area rests on previous structure too...

With....

T1 - At around 1.3500 level....

T2 - At intermediate resistance i.e. at around 1.3570 levels....

Note: The pair is at the year lows and if the pattern fills, the price may rebound of the year lows into a bear trend, invalidating the pattern....