Hello traders, here we have another bat pattern on the 1h timeframe with GBP/USD.
Excellent opportunity with almost 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
I'll be expecting price to stall out once it reaches the the D point, keep this setup on your watch list.
If you want more trading inspiration be sure to connect with me below :)
Excellent opportunity with almost 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
I'll be expecting price to stall out once it reaches the the D point, keep this setup on your watch list.
If you want more trading inspiration be sure to connect with me below :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
