Hello traders, here we have GBP/CHF with a bearish bat pattern on the 4h chart.
Excellent opportunity with over 1:4 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 formed on a major level of resistance, I'm expecting price to sell-off very shortly.
Taking a look at the bigger picture (chart is shown below) this trade is a no-brainer for me.
Everyone in my Telegram channel has been alerted on this position.
Don't forget to follow me on social media :)
Excellent opportunity with over 1:4 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 formed on a major level of resistance, I'm expecting price to sell-off very shortly.
Taking a look at the bigger picture (chart is shown below) this trade is a no-brainer for me.
Everyone in my Telegram channel has been alerted on this position.
Don't forget to follow me on social media :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
