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RaynLim
Apr 2, 2020 5:14 AM

Trade of the Month: EURJPY Bat Long

Euro Fx/Japanese YenFXCM

Description

A bullish bat setup on the 1-hourly timeframe provides a great trading opportunity on the EURJPY, not just it holds a great support level if gives the opportunity to engage trade with much lower risk and higher returns.

It is a rare opportunity and should be missed. It could be the one trade you need this year. Trade plan ready for our community, check out the link(3) to be a part of this.

Comment

finally is within the zone, spot the 1-hourly chart to wait for the candlestick reversal confirmation.
Comments
FXCM
Do you think the bullish configuration is still in play here?
We have the same bias as you.

What do you think about our analysis?
RaynLim
@FXCM, Yes it is still in play. We have a very similar analysis. The only concern is the US NFP and weekend gaps.
tj26
the pattern was incorrect , D should be at .886 B should not exceed .5
RaynLim
@tj26, Thank You for sharing. But do check with your coaches.
bianco96
Thanks for your great tips!
RaynLim
@bianco96, Thank You for following, but these are trade ideas, do your independent analysis and don't follow it blindly.
transparent-fx
I have it on wachlist and will monitor, here is my TA
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