Crab harmonic on the EUR/USD 15-minute chart for a quick 16 pips!

Thank you very much for visiting.

Today we will quickly introduce a point on the EURUSD 15-minute chart where you can grab 16 pips using the Harmonic Crab.

Before that, harmonic patterns are reversal points that attract attention from Western institutional investors.

The chart shape resembles the figure below.



Some might say, “In any case, it’s just the Crab’s claws,” but when the claws are well-proportioned on a sizable scale, there’s a strong expectation of about 10 pips.

In the market shown below, the Crab harmonic pattern appears.

People might wonder, “Where can I take 10 pips?”, but rest assured, the Crab claws do appear.

The indicators used this time are as follows.

Harmonic Main 4 Patterns Indicator

EMA Trend Meter for environment recognition from M1 to weekly chart at a glance

Let’s zoom in a bit more.

The buy entry is either ① or ②, where ① is for those who can take more risk, and ② is a slightly safer point.

③ is the 0.382 retracement level and becomes the profit-taking level.

If you enter at ① and take profit at ③, you gain +23 pips; if you enter at ② and take profit at ③, you gain +16 pips.

Pips are calculated after considering a 2-pip spread.

By the way, when checking the environmental recognition at entry, it looks like the image below.

As shown above, the weekly and daily timeframes were somewhat in an upward trend, but the 15-minute to 4-hour timeframes were in a downward trend.

It’s a complete contrarian success pattern, isn’t it?

Thank you very much for reading up to here today.

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