CAD/CHF - Bearish Bat
Updated
Hello traders, here we have CAD/CHF 0.02% on the 1h 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
This is one to watch right now, I thought I'd share this before heading off after a loooong day.
I'll be looking for additional confirmation before taking the trade!
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
This is one to watch right now, I thought I'd share this before heading off after a loooong day.
I'll be looking for additional confirmation before taking the trade!
Note
Keep an eye on the support trendline.Note
Heading towards TP 1, lock in profit at 0.78.Note
Move you stop loss into profit!Trade closed: target reached
BOOM!
📈 Master the Art and Science of Trading: sixfigurecapital.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.