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safri

Bearish BAT - CADCHF (60 Mins)

Short
Canadian Dollar/Swiss Franc (FX:CADCHF)  
safri  
FX:CADCHF   Canadian Dollar/Swiss Franc
Harmonic Patterns harmonictraders potentialreversalzone PRZ Bearish Bat Bat
6
0
harmonicpatterns harmonictraders potentialreversalzone prz bearishbat batpattern
Hello Trades,

I have observed bearish bat pattern on CADCHF hourly chart. I am expecting price to resist in potential reversal zone and reverse. Here, PRZ is made of 0.886XA, 1.27AB=CD and 2.618BC Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.2 for Target-2.

Follow this idea for further updates.

Happy Trading!
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