MichaelCollins18
Short

GBP/AUD Bearish Bat on a 4 hour chart

OANDA:GBPAUD   British Pound / Australian Dollar
Good afternoon everyone, here we have a Bearish bat on a 4 hour chart having formed from GBP/AUD

This is a amazing trading opportunity with a risk reward ratio of over 1:3

The valid measurements for a valid bat pattern are listed below:

B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

I can see that RSI and EM200 are suggesting price has been overbought so I'm entering this trade right now.

Hope you have a good week ahead folks.




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