TomHall
Long

EUR.JPY - Bullish Bat Setup - 120.313

FX:EURJPY   Euro Fx/Japanese Yen
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 120.313 & 120.015
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 122.500
Stop loss would be placed below X leg structure support .

Target 1 - 121.30
Target 2 - 121.88
Comment:
EUR.JPY - BEARISH CYPHER SETUP - 122.238
Comment: I am expecting a push lower on this pair in the next couple of hours as price approaches resistance and 1hr EMA.
Comment:
snapshot
Comment: How to trade the Bat setup.

5 EASY STEPS TO TRADE THE BAT SETUP
Comment: Price broke out of the consolidation and approaching D leg completion.
Comment: Please note, this setup is still valid until price breaks the C leg.
Comment: D leg completion at 120.313
Comment: No position taken on this pair.
The setup is now invalid.
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snapshot
+2 Reply
TomHall TOP dawid2830
@dawid2830, Nice chart setup, i hope all goes well.
Reply
LeonardoS TomHall
@TomHall, you think it continue down? ty
Reply
TomHall TOP LeonardoS
@LeonardoS, We never know where price action will go, however we do know when it enters a certain level and it meets our rules we will execute the position.
Reply
LeonardoS TomHall
@TomHall, You catch the long trade or price dont hit D leg as you want?
Reply
LeonardoS TomHall
@TomHall, because i place a sell till the price hit D leg and he didn't hit and go up again.
I dont know if i shoud put a buy before price hit the D leg or not
Reply
Hi. Do you think that the point D was reached at the last push down. I have divergence on the 1hr MACD and RSI. I placed a buy and pulled a few pips out. I've placed a fib ret on the 1hr chart and it's almost bact to 32%. Or do you think there is more push down to come
+1 Reply
ragingbull1 ragingbull1
@ragingbull1, sorry I meant has it reached the D at 120.65
+1 Reply
TomHall TOP ragingbull1
@ragingbull1, It's not a position i am personally in as it didn't get close to the D leg completion.
Reply
Ok thanks
Reply
so - trade is active ?
Reply
@Yakir, The D leg is now complete that's correct.
Reply
Can I take position ? is it still valid setup?
Reply
TomHall TOP Rizwanacma
@Rizwanacma, The poison is now valid, however I can't advise if you should take the position or not.
Reply
@TomHall hello tom i did a subscription for the signals so what is the procedure thanks
+1 Reply
TomHall TOP eng.anas.hojuj
@eng.anas.hojuj, Firstly, welcome to the team.
The process is very simple, if you want to PM me I can answer all your questions
Reply
Great setup. Volume is increasing, I just took the position.
+1 Reply
TomHall TOP tradeviron
@tradeviron, I hope all goes well.
Reply
Still a buy?
+1 Reply
TomHall TOP JackV.DerSchlesien
@JackV.DerSchlesien, Not for me personally.
Reply
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