USD/CHF: Bullish Bat
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
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.