Here we have a bullish bat forming as price approaches the bottom leg of a rising channel on the weekly chart. Looking for a reversal around the 1.0828 mark and taking profit at the 0.618 fib level from A to D.
Bat ratios:
AB: 0.382 - 0.5
BC: 01.382 - 0.886
CD: 1.682 - 2.618
XD: 0.886
Bat ratios:
AB: 0.382 - 0.5
BC: 01.382 - 0.886
CD: 1.682 - 2.618
XD: 0.886
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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.