GBP/USD - Bearish Deep Crab (500+ Pips)

OANDA:GBPUSD   British Pound / U.S. Dollar
Hello traders, it appears GBP/USD             is now forming a bearish deep crab pattern on the 4h chart. This is an excellent opportunity with a potential 500+ pip return!

The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.24 - 3.618 (D point falls short of the minimum requirement, but I'll see how this setup plays out)
X to D: 1.618

I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.

Connect with me on social media for more trading inspiration :)
📈 Learn How to Trade the Most Advanced Market Patterns: https://www.sixfigurecapital.com

∙ Telegram Channel: https://t.me/SixFigureCapital
∙ Facebook: https://www.facebook.com/sixfigurecapital
∙ Instagram: https://www.instagram.com/sixfigurecapital
The B-C proyection shouldnt be at 2.618 - 3.618 fibo level? Im starting to read about harmonics.
The B-C proyection shouldnt be at 2.618 - 3.618 fibo level? Im starting to read about harmonics.
i love your work buddy...be blessed.
LewisGlasgow ntokozothungo
@ntokozothungo, thanks man!
Nice setup !! , lookin for short from that area also, for now im longing this pair.
have a nice week & trade brother! :D
@Tanzil, thanks brother, all the best going long! Have a great week too :)
+1 Reply
Lewis Can I buy the GBP USD now? PLease let me know.
LewisGlasgow allwynbazil
@allwynbazil, you'll need to do your own analysis, I'm not looking to buy GU at the moment.
allwynbazil LewisGlasgow
@LewisGlasgow, Thanks Lewis
LewisGlasgow allwynbazil
@allwynbazil, no worries :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out