Art_of_Trading
Long

EURJPY: Trade Bat Pattern

FX:EURJPY   Euro Fx/Japanese Yen
On FX:EURJPY             , the market is not trending and it gives an opportunity to advanced pattern traders. There is a support at 113.909, the market respected that price again and it is more likely that it will do again. We are all aware that big trades are placed at key levels like this support. Bat pattern appears on 1H chart and it gives the exact point where to enter and put our TP and SL. Also, it gives a nice Risk / Reward Ratio.

In this case, the price may bounce back to support and then continue going up or it may simply hit the profit targets.
T1 - 38.2%
T2 - 61.8%
PS. Draghi speaks today, and Euro             market may get more volatile.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Top 10 Forex Brokers List - http://www.best10forex.com
Best Binary Options Brokers - http://www.binaryreviewed.com
Comment: T1 hit, half of the profits are locked.
Comment: T2 Hit, nice profits
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out