captain_smollett

GBPUSD. Possible Crab pattern

FX:GBPUSD   British Pound/U.S. Dollar
Possible Crab pattern on GBPUSD             pair. Daily candle close below 1.3000 level would invalidate the pattern

Longs

Expect an entry point around 1.3125 on NPF volatility .
SL: 1.3025
TP1: 1.3340
TP2: 1.3678

Shorts

Entry point: 1.3675
SL: 1.13775
TP1: 1.3368
TP2: 1.3176
Comment: Pattern still valid but I expect GBPUSD make one more leg down next week, targeting 1.3120.

Therefore, 1.3120 is my entry point for Longs
Comment: Entering long position before the Services stats. First target: 1.3450. SL: 1.32

Possible Gartley and Crab patterns
Trade active: Finally! It has started to move in our direction, C point for Gartley to be confirmed. Daily close above 1.3452 will invalidate the alternative scenario Gartley pattern
Comment: Moving stops to breakeven before the Services PMI report
Trade closed manually: Closed at 1.3420
Also, eventual Gartley:

snapshot
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