TomHall
Long

EUR.JPY - BULLISH BAT SETUP - 115.122

FX:EURJPY   Euro Fx/Japanese Yen
On the EUR.JPY 15min 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 115.122 & 114.956
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 opportunity to look for extended targets at 116.321
Stop loss would be placed below X leg structure support .

Target 1 - 115.677
Target 2 - 116.037
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good look. structure lacking imho though
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TomHall TOP CajunXChange
@CajunXChange, The D leg completion is only an area of interest, we will have to see how market reacts if / when price reaches our potential reversal level.
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@TomHall, agree with whole setup. just from my minimal experience, structure usually determines whether the pattern will hold or not with harmonics
+1 Reply
TomHall TOP CajunXChange
@CajunXChange, For me personally structure only plays a minimal part in my entry rules, there are a number of different indicators and criteria's that must be met prior to entry.
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extension structures such as crabs, cyphers, and sharks have more leverage in structure. In other words, sloppy structure doesn't 'matter all the time.
again these are just my observations...only because I mostly use harmonics
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TomHall TOP CajunXChange
@CajunXChange, Like I always say, with the market in general being very subjective aslong as a trader has an edge over the market that is all that matters.
Have a great week.
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