Watching this very closely, 2 forth coming patterns in progress

British Pound/U.S. DollarFXCM

Description

⋅ Jun 10, 2015 5:15 AM

i am watching these 2 patters

a). Potential abcd in Red
b) Potential bearish Bat in green
c). both will be finishing at a good resistance area
d). expecting double confluence of fib ext at D of abcd , which is also very close to D of bat
e). very itchy fingers wanna catch the CD leg of these patterns.(maybe US session)
Lets see how it turns. up

Trade: will take the trade at D..ofcourse based on the PA in that area. if the price goes below blue trendline or last week low ,both these patterns will be invalid

USD (US Dollar)

Comments

AJ47

⋅ Jun 12, 2015 4:22 PM

Nice

GcNaif

⋅ Jun 12, 2015 4:28 PM

good one AJ

GcNaif

⋅ Jun 12, 2015 4:12 PM

sorry forgot to add the chart

GcNaif

⋅ Jun 12, 2015 4:11 PM

found one more

ErrolMuller

⋅ Jun 12, 2015 9:02 AM

SOMETHING FOR YOU BAT PATTERN TRADERS

PriceActionTrading

⋅ Jun 10, 2015 5:23 AM

Very nice. Definitely looking forward to completion. Preferably at 1.5600 (161.8%)

GcNaif

⋅ Jun 10, 2015 5:24 AM

thanks ,if possible i m gonna catch that CD leg which i usually does

PriceActionTrading

⋅ Jun 10, 2015 5:27 AM

Alright. I am more of a BC leg or a completion at D kind of trader. CD's probability of success not looking that well for me, as instead of a CD it could be a XA = BC. making a new low. So i usually enter at D or BC. But thats just me :).