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alphabetacharlie
May 12, 2014 5:53 PM

GBPUSD - Perfect Bat ?  Short

British Pound/U.S. DollarFXCM

Description

Bat pattern formation : B at XA 0.5 / C at AB 0.5
C point should be at 1.6854 because of previous strong support/resistance, between AB 0.618 and 0.786.

My Case For Entry, 1.6958 PRZ.
-Previous support and resistance level
-Ratio confluence
-Advance pattern formation
-look forward to checking the RSI overbought
Comments
FXTopcat
Thank you for your input - am trying to learn pattern trading myself and the description and information has helped me - many thanks
alphabetacharlie
i'm glad it helped you !
alphabetacharlie
I am making a website where i'll explain advance pattern trading, i'll give you the link when it's ready.
FXTopcat
Thank You
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