Bullish Bat Pattern: Long Opportunity on 1-Hour Chart
2024-11-20

A textbook Bullish Bat Pattern has formed on the 1-hour chart, signaling a potential price reversal and a lucrative long opportunity. This pattern aligns with key Fibonacci levels and offers a strong risk-to-reward ratio.

📝 Trade Setup Details:

Entry Point: 0.1231
Profit Target: 0.1463
Stop Loss: 0.11696
Risk-Reward Ratio: ~3:1
📊 Analysis:
The bullish Bat pattern suggests a move upward as buyers gain momentum near the 0.886 Fibonacci retracement level. A break above the entry point could confirm the setup, with the price targeting the 0.1463 resistance zone.

⚠️ Risk Management:
Always use proper position sizing and consider market conditions before entering. This analysis is not financial advice—trade responsibly!