A deep crab pattern is potentially forming on the pound.
Be patient and wait for this pattern to complete before considering whether to go long.
In the shorter time frames, I will continue to keep a lookout for patterns to short before this big pattern completes.
We are approaching the end of 2018, hope we can buy low on the pound and ride a few hundred pips to start 2019.
GBPUSD - Deep Crab Pattern
PRZ 1.2230
SL 1.1980
TP1 1.2688
TP2 1.2888
Do not use a pending order, wait for a price reaction at PRZ before going long.
Limit your risk to no more than 2% of your capital always.
Good luck and good trading!
Be patient and wait for this pattern to complete before considering whether to go long.
In the shorter time frames, I will continue to keep a lookout for patterns to short before this big pattern completes.
We are approaching the end of 2018, hope we can buy low on the pound and ride a few hundred pips to start 2019.
GBPUSD - Deep Crab Pattern
PRZ 1.2230
SL 1.1980
TP1 1.2688
TP2 1.2888
Do not use a pending order, wait for a price reaction at PRZ before going long.
Limit your risk to no more than 2% of your capital always.
Good luck and good trading!
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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.
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.