Here, we have the CAD/CHF 0.05% 0.08% on the 1D chart. A bearish bat pattern has formed within the descending channel. Price has hit D point and now we are waiting for the reversal to get underway!
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 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
