We have dual pattern formations in GBPUSD daily timeframe. Bullish bat pattern and Bullish deep crab pattern but both the patterns gets completed in same area.
In daily charts of GBPUSD crab pattern is not visible very clearly but when you move down to 4hr charts crab pattern is very clear and Bat pattern also completes in the same zone of crabs D completion. The D point comes exactly in our marked support zone of GBPUSD.
Here we can fix Stops in two ways. Either you can fix stops below X levels or as shown in above chart and in both ways there is good risk reward.
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Happy Trading !
In daily charts of GBPUSD crab pattern is not visible very clearly but when you move down to 4hr charts crab pattern is very clear and Bat pattern also completes in the same zone of crabs D completion. The D point comes exactly in our marked support zone of GBPUSD.
Here we can fix Stops in two ways. Either you can fix stops below X levels or as shown in above chart and in both ways there is good risk reward.
Hit Likes to Agree / Comment your views...
Happy Trading !
Feels Happy to start Monday's like this :)