Trend of British Pound Currency Index

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.
  
  

Commentaire:

minor correction at F 1.27 is possible

Commentaire:

MINOR Correction is Done as I expected .
now GBP Fall more to level 1.618

Commentaire:

Possible ZigZag Trend of BP

Trade fermée: cible de profit atteinte:

Commentaire:

MINOR CORRECTION Is done.
it is possible that GBP BAT flies to reach level 1.27 and start major correction.

Commentaire:

The bearish butterfly pattern will start.
PRZ zone Is shown on the chart

Commentaire:

minor correction is done and gbp rise to hit 1.28
then start falling

Commentaire:

Transaction en cours:

nEW Update of My Idea.
Sell order is Activated