Hello traders, here we have EUR/GBP with a bearish bat pattern on the 4h chart.
Excellent opportunity with almost 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
As you can see from the chart below price is trading within a horizontal channel.
I'm expecting a reversal just above the main support level.
Don't forget to add me on social media for more trading inspiration!
Excellent opportunity with almost 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
As you can see from the chart below price is trading within a horizontal channel.
I'm expecting a reversal just above the main support level.
Don't forget to add me on social media for more trading inspiration!
Note
We're now approaching the potential reversal zone and this is what I see happening.
📈 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.
📈 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.