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McQuant
Nov 26, 2013 10:53 PM

Bearish Bat forming Short

British Pound/U.S. DollarFXCM

Description

On higher time frame we could see completed Bearish Shark. Currently on 30 mimute time frame there is possibility that Bearish Bat would be completed with confluence of Alternate AB=CD at 1.62191.
Bat's PRZ is in perfect conjunction with PRZ of Bearish shark on higher time frame and could work as second PRZ's testing phase before major price decline.
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