GBPCAD Short: Bearish Bat + S/R Zone

30 thg 12, 2015

GBPCAD is nearing the PRZ of a bearish bat pattern. This bat may continue the bearish movement to the completion of a larger TF bullish bat (see related ideas). Entry is placed at .886XA with SL at 1.13XA and TP at .618CD.

Confluence in the PRZ:

• .886XA (Bat completion)
  
• 3AB=CD
  
• 1.618BC Projection
  
• Larger TF BAMM Line (related ideas)
  
• S/R Zone