Hey traders would like to share with you this BAT pattern. It's not near completion yet but you're warn. If the price broke the B point it should go fast to D.
We need to look at lower TF for entry signal.
Notice there is a big butterfly advanced formation on daily completed, this BAT, if it completed, will be just a little counter trend opportunity if we see the big picture with the butterfly. That's why I will take just one conservative target and wait for reversal signals on lower TF.
I agree with your bullish view on EURJPY. Our trading signal idea is also of the same bias. We have found roughly support level at 132.47 which is also a horizontal swing low support where we are expecting a bounce.
Additionally, RSI is also approaching support which supports our bullish bias.
Glad to see that we have the same bias for EURJPY
Gl3n
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@FXCM-EDU, yeah that's great.
The most important thing remains consistency about applying our trading plan, but it's never bad to have same bias with other traders.
Additionally, RSI is also approaching support which supports our bullish bias.
Glad to see that we have the same bias for EURJPY