Description
⋅ A deep crab pattern is potentially forming on the pound.
Be patient and wait for this pattern to complete before considering whether to go long.
In the shorter time frames, I will continue to keep a lookout for patterns to short before this big pattern completes.
We are approaching the end of 2018, hope we can buy low on the pound and ride a few hundred pips to start 2019.
GBPUSD - Deep Crab Pattern
PRZ 1.2230
SL 1.1980
TP1 1.2688
TP2 1.2888
Do not use a pending order, wait for a price reaction at PRZ before going long.
Limit your risk to no more than 2% of your capital always.
Good luck and good trading!