EURJPY - Bullish Bat or Crab - 1 H

1 באוג׳ 2018

This could either be a Bat or Crab pattern, depending on the extension of the CD Leg. Watch closely as price approaches the 129.841 (For Bat), observe price action around that level and better if you can complement with a stochastic confirmation. If it goes bellow the X point, a Crab pattern might be forming. Watch closely for a 2.24 or 3.618 fib retracement of the BC Leg. If this is the case, we might be looking at a very profitable bullish trade. Comments?