I already pulled the trigger on a short position, & am behind(for now). Looking at the day, week, & month charts, candlestick patterns, even MACD, RSI, & EMA's, GBPAUD still has a little upside to it! I would at least wait until end of week to mid next week to enter short, no since in having to make up PIPs( also just in case the upward move continues due to major reports coming out). Happy trading!
dojitrader
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I was wondering, is a Bat pattern still valid when structure has been broken, in this case, both to the upside ---
above point B and then to the down side, below 1.8000, which created point C ?
Seems not, to me, but, this may work just as well.
Thanks for your thoughts !
And other traders, too . . .