GBP/USD - Bearish BAMM
Wow this is huge! Today we have GBP/USD on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
This looks good to short from the current level with a stop loss set above previous resistance.
Green area displays the profit zone.
I understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point.
Feel free to connect with me on social media below :)
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
This looks good to short from the current level with a stop loss set above previous resistance.
Green area displays the profit zone.
I understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point.
Feel free to connect with me on social media below :)
📈 Master the Art and Science of Trading: sixfigurecapital.com
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