Hello traders, here we have EUR/AUD on the 1h chart with a potential bearish bat pattern.
All-round excellent opportunity with over 1:3 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.
Click here to view my original post on TradingView.
Don't forget to upvote, resteem and follow me for in-depth market analysis and investing education.
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