FX:GBPCAD   British Pound / Canadian Dollar
98 3 5
LONG AT 1.72 AIM 1.75
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LOL I WISH I STILL HAVE MY POSITION ON THIS TRADE. SHOULD BE 700 PIPS+
TOO BAD I CLOSE IT ON 1.75 BUT NOW THE PRICE IS 1.85!
Reply
Hey tntsunrise I like your patterns, I am learning all this as well, still a newbie at these. I have a question, why did you start your X leg to A at the 1.71540, Wouldn't the impulse of the x start at around 1.69900 ? Just wondering, maybe we could share some of this patterns together. Thanks, Al
Reply
Yes you can choose X to be 1.6990 but then you will find the fibo retracement is only 0.382 which doesn't fit for any pattern.
The Bat Pattern condition is the B point must is between 0.5-0.618 XA.
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