Get started
glennmercer

GBPCAD Long: Crab + RSI Oversold

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
glennmercer Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Crab Bullish Crab rsi_oversold Relative Strength Index (RSI) glennmercer gmercerfx confluence GBPCAD PRZ
3
0
crabpattern bullishcrab rsi_oversold relativestrengthindex glennmercer gmercerfx confluence gbpcad prz
GBPCAD has entered the PRZ of a bullish crab. The RSI is quite overextended as well, so a 38.2% correction is likely at these levels. Entry is placed at the base of the PRZ with target at .382CD and SL outside of 1.786XA.

Confluence in the PRZ:
  • Bullish crab
  • 3AB=CD
  • 5BC Projection
  • RSI Oversold
Trade active
Trade closed: target reached:
Target achieved painlessly: +81 Pips

Related Ideas

glennmercer
GBPCAD Long: Bullish Gartley Pattern
glennmercer
GBPCAD Short: Bearish Bat + S/R Zone
glennmercer
USDCAD Long: Bullish Cypher in S/R Zone
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.