FX:EURCAD   Euro / Canadian Dollar
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he Bat pattern requires some very specific rules that be followed strictly to be considered valid.
RULES:
B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or
38.2% retracement .
•D point need to be in the rage of BC projection. And BC projection must be at least 1.618 and maximum 2.618.
AB=CD pattern is usually extended. (CD= 1.27 AB or CD=1.618AB or AB=CD , depends on which gives the most compact PRZ)
• 0.886 XA retracement.
• C point with range between 0.382 and 0.886 of AB

3 elements define the PRZ:

0.886 XA retracement.
BC Projection- we will choose the projection give the most compact PRZ
AB=CD and its alternatives
if this one fail, it's the cherry on cake lol ...
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Nice one it's going for sure
+1 Reply
antoinee antoinee
I'm really hopin this one is going, i'm confiant
+1 Reply
slrocheleau antoinee
@antoinee, Yes. Hit entry and bounced 100 pips on friday. Still Active trade =)
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