Here we have a bullish bat forming as price approaches the bottom leg of a rising channel on the weekly chart. Looking for a reversal around the 1.0828 mark and taking profit at the 0.618 fib level from A to D.
Bat ratios:
AB: 0.382-0.5
BC: 01.382-0.886
CD: 1.682-2.618
XD: 0.886
Bat ratios:
AB: 0.382-0.5
BC: 01.382-0.886
CD: 1.682-2.618
XD: 0.886
