makindiilete
Short

EUR/GBP - Bearish Bat

FX:EURGBP   Euro / British Pound
Hello traders, here we have EUR/GBP on the 60min chart with a valid bearish bat pattern.

All-round 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 D point forms around a solid resistance zone , I will share more analysis as the pattern progresses.
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