Description
⋅ GBP/NZD is currently forming a bullish deep crab pattern on the 4h chart, providing a trading opportunity with a 1:2.8 risk to reward.
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.0 - 3.618
X to D: 1.618
This is another setup to keep on the watch list! We are close to confirming the PRZ, once we do we can re-analyse this pair before entry.
Thank you for your support everyone :)