kschiangb6
Short

Bearish Bat Forming On 4-Hour Chart of GBP/AUD

FX:GBPAUD   British Pound / Australian Dollar
263 2 2
Spotted this Bearish Bat forming on the GBPAUD             4-Hour chart. The Potential Reversal Zone at Point D consist of several confluences of 3 Fibonacci ratios. Please read all about the details in my blog post here: http://simplychartpatterns.wordpress.com/2012/11/21/bearish-bat-forming-on-gbpaud-4-hour-chart/
also watch the point were AB is equal to CD around 1.5475
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nice one!

from the daily chart my target is about the same level of this point D (50% top to this bottom, often you can see a pullback or reversal around this level))

keep those charts comming!
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