Snehath
Long

Monday morning trade for GBPUSD on M15

FX:GBPUSD   British Pound/U.S. Dollar
M15 deep crab . The GBPUSD             is still an uptrend and I feel this is a good trade to take on Monday AM>
Trade active: I have switched this pair to breakeven at 1.4495.
Trade closed manually: Exited trade with 5 pips
I have short position ongoing. So based on this crab pattern, price will reverse upwards? Based on trading rules of deep crab, at wat price would price action prove this crab pattern invalid to take trade?
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Without using fibo, i noted this chart on friday afternoon. It really seemed like harmonic pattern and double top pattern is clear. So, shorted GBP/USD on friday afternoon
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Let's see if the bull will engulf the bear or the reversal
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Is there any harmonic pattern on higher time frame? Because on M15, the bear don't appear to have lost momentum
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Snehath marcus1983
No other pattern but I am long on this now.
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Well spotted! GBP went through an uptrend against USD, EUR, JPY and AUD this morning. Do you think this was driven by any fundamentals?
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Snehath Amshu
Hi - I dont look at fundamentals and just focus on harmonics.
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