There is a possible bullish bat for EURJPY. Upon D completion at 127.898 (88.6 of XA) and confirmation of the bullish bias, I will go long. Stop loss is just below point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows:
Trade Setup: Possible Bullish Bat
Price Entry 127.898
SL 127.781 | SL pips 11.7
TP1 128.097 | TP1 pips 19.9
TP2 128.219 | TP2 pips 32.1
TP3 128.418 | TP3 pips 52.0
RRR1 1.70 | RRR2 2.74 | RRR3 4.44
Trade Setup: Possible Bullish Bat
Price Entry 127.898
SL 127.781 | SL pips 11.7
TP1 128.097 | TP1 pips 19.9
TP2 128.219 | TP2 pips 32.1
TP3 128.418 | TP3 pips 52.0
RRR1 1.70 | RRR2 2.74 | RRR3 4.44
Order cancelled:
This setup is invalidated with a new swing high. (June 18)