British Pound / Canadian Dollar

Short

GBPCAD Short: Bearish Bat + S/R Zone

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

Also on:

Related publications

Short GBPCAD: Trigger at BAMM Line Toward Pivot Cluster

GBPCAD Long: Crab + RSI Oversold

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