Possible short. TDI is very overbought. Looks like pattern may be trying to form a double top at completion. Tred carefully. This is only one of the possible patterns for the pair at the moment. Use proper money management. Let's see what happens. TP's would be at the .382 and .618 FIB retracement.
POSSIBLE SHORT ON GBPUSD BASED ON THE BUTTERFLY AND DEEP CRAB PATTERNS. THE PATTERNS LINE UP WITH A BOUNCE FROM THE TL. ALSO, THE TDI IS OVERBOUGHT ON THE LOWER TIME FRAMES LETS SEE WHAT HAPPENS
Possible Bat and Deep Crab Formation. Waiting price to hit Trend Line and TDI confirmation Let's see what happens...
DEEP CRAB WAIT FOR CONFIRMATIONS. CONFIRMATIONS AT THE .382 AND .618
Possibles Crab formation forming Take Profit at the .382 retracement SL below the low Wait for confirmation before entering. Lets see what happens
Gartley confirmed by an ABCD pattern. Seems to be forming an inverted HS. Practice safe trading
Make sure to practice safe trading protocols and appropriate money management. The Daily/4hr TDI still shows upward movement and the 1 hr TDI shows a possible double top with downward potential. I usually wait for the price line to cross the signal line as extra confirmation. Make sure to receive confirmation before entering.
Possible crab formation. Glad I didn’t enter at the 2.24. I usually wait for the extreme of the PRZ to hit before I consider entering. Wait for price confirmation before entering Let’s see what happens...
I based my prediction on the extreme of the TDI as well as price hitting resistance. Let's see what happens...
Possible crab Take profit to the .382 Wait for confirmation before entering
Reasoning: Confluence of Butterfly and Bat along with overbought TDI
TDI is an extreme zone so reversal should happen soon! The Major QP is "close" by so be careful.
Caught this pattern at the bottom but it's not too late to enter. The TDI is still in an extreme area.
Look to go long soon. The TDI is EXTREMELY overbought! Should rise soon! For extra safe confirmation, wait for strong break of TL.