Yuba_Tamazgha
Short

Potential Bearish Crab

FX:GBPUSD   British Pound / U.S. Dollar
94 6 0
Focusing on T1 for now
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.
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ForceFollower Yuba_Tamazgha
Congratulations! So far so good. Let's see, if support at your B pivot holds.
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There's horizontal support at your X pivot level.
+1 Reply
Yuba_Tamazgha ForceFollower
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.
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ForceFollower Yuba_Tamazgha
That's OK. Follow your strategy.

There is strong support at 1.677, just below your target 1, so it may be hit indeed.
+1 Reply
Yuba_Tamazgha ForceFollower
Thanks Mate.
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