AUDUSD: Is it time to buy? Crab says No!

21 ביולי 2015

I see a lot of people are starting to anticipate a reversal on this pair. Well, I am also. But, looking at this POTENTIAL bullish crab, maybe just not yet so fast. Yes, it's just a POTENTIAL pattern and just because I drew one there doesn't mean it will complete.

BUT, what's interesting to note is that as can be seen more clearly on the DAILY chart below, there is a very clear AB=CD pattern that would complete EXACTLY TO THE PIP at the same point that the bull crab would also complete.


Coincidence? Confluence? Or just bunk? You decide.

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