glennmercer

Short GBPUSD: Bearish Crab + Pivot Cluster + Wolfe + S/R

Penjualan
FX:GBPUSD   Pound Inggris / Dollar AS
GBPUSD has formed a potential bearish crab which contains a PRZ that coincides precisely with an unhit pivot cluster and a potential Wolfe Wave target. As profits are taken at the pivots, price may have a tendency to reverse quickly and drastically. SL is placed above a significant support and resistance area. Profit is taken at the PRZ of a potential bullish butterfly pattern confluent with a Wolfe Wave buy zone. If trade is triggered and target is hit, I will look for PA reversal signs at the bullish butterfly/Wolfe wave PRZ.

Confluence in the PRZ:
1. Bearish crab pattern completion
2. 3.14BC projection
3. 2.5AB=CD completion
4. Unhit monthly pivot for October, 2015
5 Unhit weekly pivot
6. Significant S/R area
7. Potential WW target

Thanks for viewing and please don't forget to take a second to click the thumbs up button and follow for future updates and trade ideas!

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.