leszekstanislaw
Long

EURJPY H1 - Bullish Alt-Bat - what the hell?

FX:EURJPY   Euro / Japanischer Yen
31 0 3
Alt-Bat is completely new to me - I do not know how to trade it - where to put Stop, where Limit(s). I like it, because its D point is confluenced with blue box which is eual previous correction move. Any ideas very welcome!

A nice lesson how to draw it is here http://yourfxguide.blogspot.com/2015/02/trade-forex-with-bullish-alt-bat.html#.VdO_Sc6Z0mM

Beside of it in couple of minutes we're going to have some JPY news, one of them is The Adjusted Merchandise Trade Balance -- released by the Ministry of Finance and it's a seasonal measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Japan is so much dependant on exports. A high reading is positive for the JPY, while a low reading is seen as negative (or bearish ). And some more - look over here - http://www.myfxbook.com/forex-economic-calendar
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