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Short

GBPCAD Short: Bearish Bat + S/R Zone

FX:GBPCAD   British Pound/Canadian Dollar
GBPCAD             is nearing the PRZ of a bearish bat pattern. This bat may continue the bearish movement to the completion of a larger TF bullish bat (see related ideas). Entry is placed at .886XA with SL at 1.13XA and TP at .618CD.

Confluence in the PRZ:
  • .886XA (Bat completion)
  • 3AB=CD
  • 1.618BC Projection
  • Larger TF BAMM Line (related ideas)
  • S/R Zone
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