Gbac Case Study Gcud

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GBPAUD started rising steeply on Thursday, April 21 2016, after ECB press conference. Now it is at the 70.7 retracement of the last swing. There is a trendline in red on the image, that was breached but the pair closed below that line.

If there was a Bearish Bat, then point C should have been higher than point A, and in an ideal case, point D should up to the 88.6 retracement which is at 1.8812. See the lines in white on the image

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