Oztrade
Short

GBPAUD - BEARISH BAT PATTERN - 60M - 240M

FX:GBPAUD   British Pound / Australian Dollar
97 0 2
Hi All, I wanted to share this Bearish Bat Pattern with you. I have noticed depending on which time frame you look at that we have just completed AB=CD move for a Bat Pattern D Completion. This is the smaller Move, Depending on how you analyze this chart we appear to have used an X leg many people probably would not use. X2 is for the smaller Bat. When we look further at the X1 leg this shows us that we have a larger Bat on the Radar where our B leg hits the 50% for Bat criteria. When we move further up X Leg doesnt show us the exact specifications for a Bat Pattern but it can provide you with a better Entry Level to increase Reward and Minimize risk. I will be watching this to see what happens hopefully you can get another opportunity for a shorting position. Possible that we may see drops soon with these pairs
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