Euro / Canadian Dollar
Long

EUR/CAD - Bullish Bat

1 296
I hope you're all having an excellent weekend, just a quick update I've spotted a bullish bat pattern on the 4h chart with EUR/CAD.

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 forms on a strong level of support, which provides additional confirmation of a reversal at that level.

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.