Potential Bearish Crab

There's horizontal support at your X pivot level.

Hey force follower, I've noticed that there is strong structure around X level. GBPUSD has been in a strong uptrend and I doubt it will even reach my second target. My theory is If price reaches around the 38% on my first target, I'm looking for a bounce at X level, Whether if price will reject X and head bullish again, or reach 38% level and then head back up again. The best I can do is follow my trade plan, I'm all technical . When i see a harmonic pattern. My trade plans says i have to take it. Can'y miss out on any trades in my portfolio.

That's OK. Follow your strategy.

There is strong support at 1.677, just below your target 1, so it may be hit indeed.

Thanks Mate.

Target 2 at $1.665 is looking very possible right now. Stops should be at break-even or at $1.678. Hopefully everyone has scaled at their first position.

Congratulations! So far so good. Let's see, if support at your B pivot holds.