Hello Trades,
I have observed bearish bat pattern on CADCHF hourly chart. I am expecting price to resist in potential reversal zone and reverse. Here, PRZ is made of 0.886XA, 1.27AB=CD and 2.618BC Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.2 for Target-2.
Follow this idea for further updates.
Happy Trading!
I have observed bearish bat pattern on CADCHF hourly chart. I am expecting price to resist in potential reversal zone and reverse. Here, PRZ is made of 0.886XA, 1.27AB=CD and 2.618BC Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.2 for Target-2.
Follow this idea for further updates.
Happy Trading!