There is a possible bearish bat for EURJPY. Upon D completion at 130.584 (88.6 of XA) and confirmation of the bearish bias, I will go short. Stop loss is just above 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 Bearish Bat
Price Entry 130.584
SL 131.400 | SL pips 81.6
TP1 128.306 | TP1 pips 227.8
TP2 126.898 | TP2 pips 368.6
TP3 124.620 | TP3 pips 596.4
RRR1 2.79 | RRR2 4.52 | RRR3 7.31
Trade Setup: Possible Bearish Bat
Price Entry 130.584
SL 131.400 | SL pips 81.6
TP1 128.306 | TP1 pips 227.8
TP2 126.898 | TP2 pips 368.6
TP3 124.620 | TP3 pips 596.4
RRR1 2.79 | RRR2 4.52 | RRR3 7.31
Order cancelled:
This setup is invalidated as D completion did not occur.