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GBPUSD Deep Crab Pattern and Long Scalping Update: Target Reached

GBPUSD Deep Crab Pattern and Long Scalping

Description: As we have published in attached idea, we look for a long opportunity at the butterfly completion. However, a deep crab pattern on H4 Chart confirms us a minor retracement for scalping.

Trade Period: Intraday Trading

Pair / Instrument: GBPUSD

Time Frame: H4

The trend in the Timeframe: Bearish

The trend in the Daily Chart:  Bearish

Trade Based On: Deep Crab PAttern

Accuracy: %93

Recommended Lot Size: 0.05@ 10 K Account with 1:100 Leverage

Trade: Long

The Area Of The Entry: 1.27300

Stop Loss: Below 1.27000

Target 1: 1.27700

Target 2: 

Target 3:

What to Pay Attention: 

You can view the setup: GBPUSD Major Retracement

UPDATE: Target reached. Trade Closed. 40 Pips

 

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

GBPUSD Major Retracement:  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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