Hello traders, here we have CHF/JPY with a bullish bat pattern on the 4h chart.
This links in extremely well with my previous post for EUR/JPY (chart is shown below).
All-round excellent opportunity with a 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 looking for additional confirmation before taking the trade!
This links in extremely well with my previous post for EUR/JPY (chart is shown below).
All-round excellent opportunity with a 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 looking for additional confirmation before taking the trade!
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