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nezyrinfx
Oct 19, 2017 2:53 AM

Potential Alt Bat EUR/JPY Short

Euro Fx/Japanese YenFXCM

Description

From this chart we can see it is either going to be a Bat or an Alt Bat pattern. However after looking at the daily divergence, i believe price has to make higher than X to be considered as valid regular divergence.

As i posted previously on this instrument, there is a possible Bull Bat pattern on the daily.

Technical Strategy: Short when there is bearish signal after hitting 113% fib ext with Stop Loss few pips above 127.2% fib ext @ 134.10. Target TP 129.95.
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