Dual Patterns in GBPUSD : Crab & Bat Pattern
Updated
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.
Hit Likes to Agree / Comment your views...
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 !
Note
Good Trade. Booked all My positions.Feels Happy to start Monday's like this :)
Related publications
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.