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.

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