UPDATE! GBPUSD: Adding a Bullish Deep Crab to the Bull Cypher
***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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