Potential Crab Forming 🦀

2021年10月27日

GBPCAD - I'm waiting to see if PA breaks the Daily Lower High (Close to the X point) Price broke structure on the weekly to the downside and daily is also bearish, right now we have a 0.382 pullback on the weekly which has created the new Daily lower high, price is at a pivot point, could go either way.

We have trapped liquidity above and also imbalances to fill (Which the crab pattern completion fills nicely, giving us very nice entries for shorts) So it would make sense for price to head in this direction however....If the bears are too strong, momentum could continue down...

Whats your thoughts?