TradingFellow
Long

BULLISH BAT EURJPY

FX:EURJPY   Euro Fx/Japanese Yen
The EURJPY             has been in this trading zone between the 122's and 124's for quite some time now. The question here is whether it'll break the resistance levels to go higher into the 124's or it'll break below the support levels as shown on the picture. As long as we keep in this zone advanced patterns will keep showing up just like this bullish bat setup.

When this pair drops into the "killzone" i'll be looking for bullish indications such as a doji candle or a bullish spike candle to get long on this. This bullish bat setup contains two fibonacci based target points and a stop loss below X.

Make sure to follow me to keep updated with these kinds of ideas.

For now good luck trading everyone!
And it's in a slight short term uptrend!
+1 Reply
Let's hope we see another breakout then :)
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TradingFellow PRO TradingFellow
And that of course after we get filled long!
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