GBPUSD (Deep Crab Pattern) -15min Chart

FX:GBPUSD   British Pound / U.S. Dollar
Confirmations for Deep Crab Pattern:
A-B leg can retrace anywhere between 0.382 up to 0.618
B-C leg can retrace 0.382-0.886 of AB leg
C-D is an extension of up to 1.618 of XA leg
Take profits at 0.382 and 0.618 (Fibonacci D-X). Thirs TP wpuld be back to where it all started at X.

MACD shows divergence by being lower on the indicator and higher high at chart.
Good Trading. - 15min Chart
Jun 04
Trade closed: target reached: First and second TP were reached at first, after that we got a bullish impulse for more consolidation at top for bearish continuation.
Good Trading.


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