ALERT: GBPUSD Bullish Deep Crab Completion.

1 Tem 2015

Updating the earlier posts about this bullish deep crab pattern, prices have now reached it's PRZ and completed this deep crab. RSI is showing oversold condition. However, as of this post, I am waiting for a bullish candle close on the hourly chart to take the trade. Prices may penetrate deeper into the PRZ before reversing as is usually the case with extension patterns like crabs, butterfly's and sharks.

Doing so will also decrease your S/L and increase your R;R.

Good luck!