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Art_of_Trading
Mar 1, 2016 11:22 PM

EURJPY: BAT Short

Euro Fx/Japanese YenFXCM

Description

On FX:EURJPY, the market is not trending . However, the harmonic bat pattern appears which gives an opportunity to go short. The price was going up on Monday and the next swing high is a good level buyers to lock their profits and sellers to step in. This will result to price dropping.
T1 - 38.2%
T2 - 61.8%
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