Divergence at completion of perfect Bat

British Pound/Canadian DollarFXCM

Description

⋅ Sep 7, 2015 10:35 AM

Everything is on the chart. Perfect bat with divergence on RSI (14) at oversold level, selling at the completion of the D leg with a risk:reward of 1:2.4. Hold your thumbs!

Comments

KVE

⋅ Sep 10, 2015 8:00 PM

Didn't quite work out regretfully, new short opportunity now?

TheSupportResistanceTrader

⋅ Sep 11, 2015 8:34 AM

it's probably, although i like the GBP/cad setup more. Looking to long when (if) it retraces back down to the base of the triangle