Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

Crab

Information is not investment advice

The Crab is another harmonic pattern that is derived from the Gartley pattern. The special thing about it is the long XA and CD swings. The point D is far away and lies beyond the starting point X. This is what differentiates the Crab from other harmonic patterns.

1.png

Here are the key parameters of a Crab pattern:

  • Point B is at the 38.2-61.8% retracement of XA.
  • Point C can be at the 38.2%-88.6% retracement of AB.
  • Point D can be found at the 224%-316% extension of AB or at the 161.8% extension of XA. The closer D is to the 161.8% extension of X, the stronger is the signal of this pattern.

How to trade Crab pattern

  1. The entry is at the point D. Always wait for the market to reverse from CD before opening your trade.
  2. Take Profit may be at 61.8% of CD (TP1), and 127.2% of CD (TP2).
  3. Put a Stop Loss in line with your rules of risk management.

Let's see how a Crab pattern may look on the chart. The point B is at the 61.8% retracement of XA. The point D is near the 161.8% extension of the XA.

2.png

Latest news

Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

What to expect from Monthly Retail Sales data?

The United States will release MoM Retail Sales data on September 16, 15:30 GMT+3.

United States CPI results will move the dollar!

United States’ Bureau of Labor Statistics will release monthly CPI and core CPI on September 14, 15:30 GMT+3.

Be on top of your game

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com

or

Start Live Chat