GBPJPY | Deeb crab pattern in the making?
- Point-B validated.
- Point-C valid until it breaks 88.6% of AB
+ Ascending channel pattern indicates uptrend until it breaks the support
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Butterfly Pattern:
Point-B | 88.6% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 161.8% of XA
PRZ | 261.8% - 361.8% of BC
Failed setups:
(tradingview.com/chart/GBPJPY/vIHjQ9PW-GBPJPY-Gartley-pattern-in-the-making/)
(tradingview.com/chart/GBPJPY/plljV2GT-GBPJPY-Butterfly-pattern-in-the-making/)
- Point-C valid until it breaks 88.6% of AB
+ Ascending channel pattern indicates uptrend until it breaks the support
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Butterfly Pattern:
Point-B | 88.6% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 161.8% of XA
PRZ | 261.8% - 361.8% of BC
Failed setups:
(tradingview.com/chart/GBPJPY/vIHjQ9PW-GBPJPY-Gartley-pattern-in-the-making/)
(tradingview.com/chart/GBPJPY/plljV2GT-GBPJPY-Butterfly-pattern-in-the-making/)
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