TRADE: GBPUSD: BUY@1.52522 Completed Bullish Deep Crab + Channel

This pair has been trading in a descending channel for the past few days and still has some more downside to go. But for now, there is a COMPLETED bullish deep crab pattern with it's PRZ down by the bottom of the channel. Within this trading channel, I have marked out its' ABCDE points and this crab is near the C point of the channel. Buying at 1.52522 would be in the PRZ of this crab and confluence with the bottom of the channel. Projecting that this point would only be Point C, the odds are good that prices will head back up into the top of the channel and form Point D and then descend back down again.

MY TRADE PLAN
I will take a LONG position ONLY if prices do get to the bottom of the channel whcih would be testing the PRZ of this deep crab.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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