Description
⋅ Hello traders, here we have CAD/CHF 0.02% on the 1h chart with a valid bearish bat pattern.
All-round excellent opportunity with over 1:2 risk to reward.
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 is one to watch right now, I thought I'd share this before heading off after a loooong day.
I'll be looking for additional confirmation before taking the trade!
Comment
⋅ Keep an eye on the support trendline.
Comment
⋅ Heading towards TP 1, lock in profit at 0.78.
Comment
⋅ Move you stop loss into profit!
Trade closed: target reached
⋅ BOOM!