***EDIT***
In the chart, I mislabeled it as a "bullish butterfly". It should be "bullish deep crab"
With the recent price action, a potential bullish deep crab pattern has also appeared along with the bullish cypher pattern I had already identified. I still favor the bullish cypher pattern as it's D point also rests on an S/R area. But should prices break down past the X point of the bull cypher thereby invalidating it, a second chance to go long rests with the bullish deep crab pattern.
(see my analysis on this pair: "GBPUSD: Top-down In-depth Analysis. Bull Cypher Coming Soon! "
In the chart, I mislabeled it as a "bullish butterfly". It should be "bullish deep crab"
With the recent price action, a potential bullish deep crab pattern has also appeared along with the bullish cypher pattern I had already identified. I still favor the bullish cypher pattern as it's D point also rests on an S/R area. But should prices break down past the X point of the bull cypher thereby invalidating it, a second chance to go long rests with the bullish deep crab pattern.
(see my analysis on this pair: "GBPUSD: Top-down In-depth Analysis. Bull Cypher Coming Soon! "
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SPECIAL Report on the S&P 500. Read it here. It's FREE: bit.ly/2KGJ409spx818
Mailing list: bit.ly/2iNieEY
Facebook Group: facebook.com/efxselect
Twitter: @andrewefxselect
Website: efxselect.com
Mailing list: bit.ly/2iNieEY
Facebook Group: facebook.com/efxselect
Twitter: @andrewefxselect
Website: efxselect.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.