Clear BAT Pattern on EUR/GBP Chart

9 בספט׳ 2014

The EUR/GBP pair shows perfect BAT pattern. The B point retraced to pretty much exact 0.382 and this pair bounced at 0.885 XA level that is within a PRZ of this pattern. Now, this pair gaped up at the open of this week making cable gapped down heavily. This EUR/GBP is clear [Breakaway Gap] and this sign further stimulate the reversal. If this pattern do the job, 50% AD level is a fair target since B point locates in Fib zone. Let's see what market has to say.