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 119.554 & 119.330
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 121.00
Stop loss would be placed below X leg structure support .
Target 1 - 120.219
Target 2 - 120.624
The price reversal zone on this pair is between 119.554 & 119.330
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 121.00
Stop loss would be placed below X leg structure support .
Target 1 - 120.219
Target 2 - 120.624
Comment:
I'm still holding this pair short into the weekend, I am expecting a minor pullback before a push lower into Monday / Tuesday.
Comment:
Comment:
D leg completed at 119.554