Art_of_Trading
Long

EURJPY: BAT , Go Long

FX_IDC:EURJPY   EURO / YEN
On FX:EURJPY             , the price dropped significantly today and it is getting close to structure low around 131.638. Sellers in control on 1H bars, but it is expected that the they will take their profits at structure low and new buyers step in , which increase the EUR value against JPY.

Moreover, the valid Bat pattern appears, which gives clear guidance where to enter, take profit and put stop loss.
T1 - 38.2%
T2 - 61.8%
------------------------------------------------------------------------------------------------------------------------------------------------------
TOP 10 Forex Broker List: www.best10forex.com
TOP 10 Binary Options Brokers: www.binaryreviewed.com

Related Ideas

njbtrading1
a year ago
I think it may move down lower. The lower downward trend channel puts a potential bounce upwards at 131.325 but I expect a reaction at around the 131.50 level. However the 6 month trend is bearish.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out