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Akil_Stokes
Oct 11, 2017 11:33 PM

EURJPY - BEARISH BAT Short

Euro Fx/Japanese YenFXCM

Description

After weeks of doing absolutely nothing, we've finally seen some directional movement on the EURJPY thanks to some ECB stimulus talk this afternoon. This expansion is leading price up to a previous level of structure support which also offers a potential bearish Bat formation as well.

Akil

I don't know who's more upset about the USA not qualifying for the 2018 World Cup, me, or the sponsors (Fox & Nike)
Comments
dtech369
on my radar. thank you
Akil_Stokes
@dtech369, You're welcome
iorek65
Nice.

I see the distribution completing on this pair on larger time frame :)

johnhouston03141998
I don’t really see the bat, what I see is resistance at the bottom but no true limit at the top, which leaves the slope of the local maxes as a mystery.
Akil_Stokes
@johnhouston03141998, The Bat pattern on the chart is shown by the 2 purple triangles.
TomPower
should've known you'd be looking for bats this so close to Halloween.
Akil_Stokes
@TomPower, It's only right, Hopefully I can finish up on a pumpkin pattern before the 31st
bitcoinfromIndia
depends on the euro my friend. euro should take a hit on the crosses. i was surprised it spent 3 weeks in 132-133 band
Akil_Stokes
@NachiketApte, Yeah, absolutely nothing, we'll no a lot about it's future today
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