We're looking at EUR/GBP on a 4h chart with a potential bearish bat pattern within a head and shoulders formation, this is an excellent shorting opportunity with a 1:3 risk to reward... Don't miss out on this one!
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 analysis in the near future :)
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 analysis in the near future :)
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