FX:AUDCAD Australian Dollar/Canadian Dollar
Hi Alex, guess I forgot to explain the Red Arrow.. atm I mentioned the pattern is only "Potential" coz price has not yet reach Point D to complete the Pattern. The red arrow is basically trying to indicate price to move down to Point D and form a complete pattern, thn there maybe a chance to have long entry base on the completed pattern. Hope this clarify... Sorry for the confusing =) Have a good day!
just further to the ratios. there is an alternative way to draw the bat pattern: http://www.fxgroundworks.com/alternative-bat-pattern/ but for the classical pattern your right it can't exceed. in the alternative bat the D point is higher but I don't believe the gains are that much better statistically over the classic pattern.