EURCHF Bullish Bat Long

Euro Fx/Swiss FrancFXCM

Description

⋅ Oct 14, 2016 7:50 PM

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

Comments

Niverto

⋅ Oct 20, 2016 2:01 PM