-GBP vs CAD is in a reversal trend after making a clear divergence and harmonics reversal pattern.
Hello and welcome to this analysis In the daily time frame is in the PRZ of a Bullish Crab. An hourly close above 500 could see a bounce (if not reversal) till 600-650 with 440 as an invalidation of the pattern. All the best
Lets see how this setup goes. Not going to do actual trades. Will only observe.
NZD CAD Harmonic Crab Pattern Entry: 0.87372 TP: 0.86957 Stop: 0.87583 RR: 1.95
Here we see EURGBP in a descending channel with the sellers in full control, forming lower highs and lower lows adding selling pressure to the market. Now we are trading in a small expanding descending channel, suggesting that the sellers are stepping out and potentially booking their profits. This gives room for a bullish scenario, and im speculating that the...
Entry, target and stop mentioned on chart.
Copy the positions from the chart. Good luck.
There appears to be a perfect Harmonic Crab in crude oil. Could be a good trade with a stop loss below last weeks low.