Art_of_Trading

EURJPY: BAT , Go Long

Long
FX_IDC:EURJPY   Euro / Japanese Yen
On 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%
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