AUDCAD T2 Achieved: Now Short at Bearish Deep Crab

15 Eyl 2015

AUDCAD has achieved T2 of the bullish crab idea that I recently published (see below) and has now completed a bearish deep crab pattern. The PA has respected the 1.618 projection of xa and it is time to look for a short entry.

Confluence in the PRZ:
1. Bearish Deep Crab Completion
2. Weekly Pivot
3. September, 2015 Pivot
4. .618CD (Bullish Crab Target)
5. 1.5ab=cd; upper limit
6. 1.41ab=cd; lower limit

Target set at confluence between .618cd and the new weekly pivot.

Bullish Crab Idea: