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TRADE: EURUSD: BUY@1.11660 LONG on cypher + 15M Crab

Giá lên
FX:EURUSD   Euro / Đô la Mỹ
I am now LONG on this pair by way of the completed bullish cypher and now with confirming bullish PA in lower TF having now setup a POTENTIAL bearish crab pattern. However, I don't intend to trade the crab completion as this is a !5M crab which I don't trade on the 15M TF. But I am using the crab as a bullish confirming signal to go LONG. Likewise, I will be using the crab's X point as my stop on this trade. Yes, the stop is very tight so as to minimize the loss. I am doing it this way because the stops on the cypher pattern is pretty large (+90 pips) and I wanted to cut down on that. Should prices go down more and invalidate this crab, then I will be out and waiting for another bullish signal.

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