Description
⋅ What's up everyone, here we have EUR/CAD with a bearish bat pattern on the 1h chart.
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
The daily chart looks good, showing a resistance zone at D which aligns with the move lower.
I hope you all have a great week!