Hello traders, here we have USD/CAD with a bullish 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 D point completes on a major level of support, I'm expecting price to stall on this level followed by a reversal.
Feel free to connect with me on social media :)
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 D point completes on a major level of support, I'm expecting price to stall on this level followed by a reversal.
Feel free to connect with me on social media :)
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