BAMM and BAT trades

14 Sep 2015

Hey, traders. Recent HL was violated to the downside. Not a downward trend yet bur a sign of probable reversal. Being a part of bat pattern this kind of setup is called BAMM (Bat Action Magnet Move). BAMMS usually traded in anticipation of BAT completion. This time BAMM rules coinside exactly with 2618 trade rules. After BAT pattern is completed there's a high probability of of price to resume the overall uptrend. I'm going to sell gbpusd at 0.618 and buy it back at D-point. Moreover I'm going to buy another unit at D-point to initiate BAT trade. This technique is known as stop-and-reverse technique. Hope you find the information useful to empower your trading skills.