Hello traders, here we have USD/CHF on the daily chart with a potential bullish bat pattern.
I'd like to thank Six Figure Capital student www.tradingview.com/u/vmcreamer/ for spotting this setup.
All-round excellent opportunity with a 1:2 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!
I'd like to thank Six Figure Capital student www.tradingview.com/u/vmcreamer/ for spotting this setup.
All-round excellent opportunity with a 1:2 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!
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
