Trend of British Pound Currency Index

מעודכן
the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.

bear market turning into bull Market with GBP Crab.

Bullish crab pattern
  • It begins at point X and extends to point A. Point X may be anywhere on the price chart, but looking for a bull pattern under oversold circumstances is a smart practice.

  • Wave AB must retrace downward to the XA wave's Fibonacci levels of 0.382 - 0.618.

  • Wave BC must retrace the AB wave's 0.382 - 0.886 Fibonacci levels.

  • The final wave CD is the longest and must reach the BC wave's 2.24 - 3.61 Fibonacci levels.

הערה
minor correction at F 1.27 is possible
הערה
MINOR Correction is Done as I expected .
now GBP Fall more to level 1.618
הערה
Possible ZigZag Trend of BP
תמונת-בזק
עסקה סגורה: היעד הושג
תמונת-בזק
הערה
MINOR CORRECTION Is done.
it is possible that GBP BAT flies to reach level 1.27 and start major correction.
תמונת-בזק
הערה
The bearish butterfly pattern will start.
PRZ zone Is shown on the chart
תמונת-בזק
הערה
minor correction is done and gbp rise to hit 1.28
then start falling
הערה
תמונת-בזק
עסקה פעילה
nEW Update of My Idea.
Sell order is Activated
תמונת-בזק
הערה
תמונת-בזק
עסקה סגורה: היעד הושג
first drop started from 132.5 toward 130 and
next big selloff will start from 136 based on bearish butterfly pattern
תמונת-בזק
CrabHarmonic Patterns

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