Euro / British Pound
Short

EUR/GBP - Bearish Bat

754
Hello traders, here we have another bat pattern but this time on the 1h timeframe with EUR/GBP.

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

I'll be expecting price to stall out once it reaches the the D point, keep this setup on your watch list.

I hope you all have a great week :)

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