Description
⋅ 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.