It's a Boy, no, it's a Girl!! IF=THEN ®

Aug 22, 2015

GBPUSD

Finally we came out on top of the box!!
Let's see if it isn't a false breakout...

My expectations:
- Complete the Blue Bearish Bat Pattern at D, this price zone is the limit to the Point C for the Pink Bullish Bat Pattern, the 88.6% AB retracement;
- IF the price continue an upward movement, it can meet the Crab around the 1.63 providing us with new Short opportunity. (THEN)

Bat Pattern Objective:
Enter Long or Short at D

Point B:
38.2% to 50% XA (or close below/above point A)

Point C:
38.2% to 88.6% AB

Point D
88.6% XA

Targets:
TP1 38.2% AD
TP2 61.8% AD

Check ratios and targets:


Safe trades;
open.spotify.com/track/1MlH7ogIKdnvt6jj7yTmNG