On the EUR.JPY 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 120.313 & 120.015
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 122.500
Stop loss would be placed below X leg structure support .
Target 1 - 121.30
Target 2 - 121.88
The price reversal zone on this pair is between 120.313 & 120.015
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 122.500
Stop loss would be placed below X leg structure support .
Target 1 - 121.30
Target 2 - 121.88
הערה:
הערה:
I am expecting a push lower on this pair in the next couple of hours as price approaches resistance and 1hr EMA.
הערה:
הערה:
How to trade the Bat setup.
הערה:
Price broke out of the consolidation and approaching D leg completion.
הערה:
Please note, this setup is still valid until price breaks the C leg.
הערה:
D leg completion at 120.313
הערה:
No position taken on this pair.
The setup is now invalid.
The setup is now invalid.