Heribud
Bearish Bat Pattern on H4 Please note Strong Resistance @ 0.7750 might be a good idea to place the SL above that level Perhaps we can get a better entry and get a better R:R ?
This pair is bouncing off support zone (see the previous long wicks)
Reasons to go Short : - H & S Pattern - MACD divergence - Break of TL
USDJPY is at resistance,has retest and got rejected. Bearish bat pattern confirm the signal to go short
Reasons to short : 1. Resistance Level in confluence with Fib level 2. Bearish Bat pattern 3. Positive R:R
Market is testing previous Resistance (see Daily chart). H4 shows bullish bat pattern
I am waiting for this pair to pull up a bit higher and retest that former support, and if it is rejected, I am going to get Short.
EURJPY return to the previous support and retesting it. A Doji and a Red candle will confirm the continuation to the downside. TP should be 120.00 area
EURGBP is bouncing off support, and Bullish divergence on MACD. Time to go Long.