KyleMcQuade

EURCHF Bullish Bat

Long
FX:EURCHF   Euro / Swiss Franc
Here we have a bullish bat forming as price approaches the bottom leg of a rising channel on the weekly chart. Looking for a reversal around the 1.0828 mark and taking profit at the 0.618 fib level from A to D.

Bat ratios:

AB: 0.382 - 0.5
BC: 01 .382 - 0.886
CD: 1.682 - 2.618
XD: 0.886