Short GBPCAD: Trigger at BAMM Line Toward Pivot Cluster
Updated
GBPCAD 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.
Trade active
Trade active on close below BAMM Line Body. Short at 2.06141.Trade closed: target reached
The placement of this stop was crucial as price came within 3 pips of SL. I am closing the whole position at T1: +241 pips
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