Bammline
AUDNZD Long: Breakout to Potential Bat CompletionAUDNZD has broken through the bullish channel center line and countertrend resistance. There is also a missed daily pivot above price which may add to bullish bias. Watch for resistance around the top of symmetrical triangle, BAMM line, and top of the rising channel. Entry is placed at the retest of the trendline with targets at bat point B and bat completion. SL is placed below structure lows for a R/R of 2.5 (T1) and 6.5 (T2).
Bullish Confluence:
Trendline breakout & retest
Missed daily pivot above price
Channel center line break
NZDUSD Short: Wolfe Wave to Complete BatNZDUSD has retested a BAMM line and in doing so has completed a bearish Wolfe Wave. Going short here would target the completion of the Bullish Bat which coincides with both a missed daily pivot and the EPA/ETA combination from the bearish Wolfe Wave. Market entry used with SL above structure highs and target at the completion of the bullish bat pattern.
Short GBPCAD: Trigger at BAMM Line Toward Pivot ClusterGBPCAD is presenting an opportunity to trade a combination of bat action magnet move lines toward a cluster of missed pivots. Trade will be triggered after a candle closes below the BAMM Line (Body) with SL near structure highs. If price should continue to make new structure lows I will move the SL and update the chart accordingly. T1 is at Bat 1 completion and T2 is at Bat 2 completion. A third target will be placed at the pivot cluster if the bullish bat patterns reach their respective targets and another short opportunity presents itself. If this occurs I will publish a new short idea targeting the pivots.
