Erfan.Parvini
Long

Awesome Opportunity

FX:EURJPY   Euro / Japanese Yen
1013 3 3
EUR/JPY             has completed a bullish bat pattern, at a MAJOR structure support level (you could see the significance of that level by simply going to Weekly and Monthly time frames and collapsing your chart). We are clearly seeing the pair is struggling to go lower and put lower low, lower closes, while all the other JPY pairs are just straight down. There is also a huge divergence on RSI . AS far as money management side, almost a 2-1 R/R ratio on target 1 only, so pretty descent. Despite all that, heads up for the ECB rate decision coming at 7:45 ET. Great opportunity, if it matches your criteria, be aware of the risk involved, since there is a major news event coming as well, and I wish you all luck!
Trade active: Target 1 hit: 450+ Pips
Comment: Half of the contract closed and SL moved to BE, to protect the capital.
I was just wondering, did any of you guys take this trade?
Reply
AndrewFx2020 Erfan.Parvini
Missed it, but traded the retrace and next leg up. $$$$$$$$$$
Reply
Erfan.Parvini AndrewFx2020
Well done ! $$
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