Hey guy, here we have a bearish bat GBP/CHF on a four hour chart,
This is an awesome trading opportunity with a risk reward of 1:4
The valid ratios for a bat pattern are:
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The D level has formed a major level of support and resistance and expecting price to start sell very fast.
I'm already in on this trade
I hope you's have all had a good week of trading, thank you.
This is an awesome trading opportunity with a risk reward of 1:4
The valid ratios for a bat pattern are:
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The D level has formed a major level of support and resistance and expecting price to start sell very fast.
I'm already in on this trade
I hope you's have all had a good week of trading, thank you.