GBPAUD: bracketed by Bear Cypher and Bull Bat on the daily chart Long

FX:GBPAUD1D

British Pound/Australian DollarFXCM

Description

⋅ Sep 20, 2014 6:46 PM

I think the Bat is more likely to be be hit even as cypher entry is nearer

Comments

WendelinProbst

⋅ Sep 21, 2014 7:40 AM

CD of the Bat would be an exact 1.27 extension of the Cypher BC as well as of the last upmove (inverted Fibs). So I will short a little position right at the current double top