What's up everyone, here we have EUR/JPY with a bearish bat pattern on the 4h chart.
Excellent opportunity with over 1:3 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 B point is still considered valid as price closed above the 50% retracement level.
I hope you all have a great weekend!
Excellent opportunity with over 1:3 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 B point is still considered valid as price closed above the 50% retracement level.
I hope you all have a great weekend!
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
