On the EUR.JPY 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 123.409 & 123.628
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 C to D move.
There is also an opportunity to look for extended targets at around 121.874
Stop loss would be placed above X leg structure resistance .
Target 1 - 122.747
Target 2 - 122.323
The price reversal zone on this pair is between 123.409 & 123.628
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 C to D move.
There is also an opportunity to look for extended targets at around 121.874
Stop loss would be placed above X leg structure resistance .
Target 1 - 122.747
Target 2 - 122.323
Comment:
Comment:
Price approaching D leg completion, potential shorting opportunity.
Comment:
Although price hasn't yet hit the D leg completion the setup is still valid.
Comment:
Please note, this setup is still valid.
Comment:
Price is now approaching D leg completion