Greetings fellow traders, today we are analyzing the EUR/CAD 4hr chart, looking at a potential Bullish Bat Pattern.
The pattern is on track to completing the C to D leg, with a risk to reward of 1:2.5.
The measurements for a bat pattern are detailed below:
B: 0.382 - 0.500
C: 0.386 - 0.886
D: 1.618 - 2.618
X to D: 0.886
Will be looking to enter this trade with some more confirmations after the pattern is completed.
Please share your thoughts!
The pattern is on track to completing the C to D leg, with a risk to reward of 1:2.5.
The measurements for a bat pattern are detailed below:
B: 0.382 - 0.500
C: 0.386 - 0.886
D: 1.618 - 2.618
X to D: 0.886
Will be looking to enter this trade with some more confirmations after the pattern is completed.
Please share your thoughts!