USD/CHF: Bullish Bat

in #forex7 years ago (edited)

Hello traders, here we have USD/CHF on the daily chart with a potential bullish bat pattern.

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!

Maximum 2% risk per trade as always.

Entry: 0.95440

Stop loss: 0.94090

Take profit: 0.98790

Click here to view my original post on TradingView.

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Fantastic signal - You can never argue with a risk to reward ratio like that!

Not at all, looks promising at the moment.

Once we complete the D leg I'll be analysing the lower timeframes.

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