EUR.JPY - Bullish Bat Setup - 120.313

FX:EURJPY   Euro / 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: I am expecting a push lower on this pair in the next couple of hours as price approaches resistance and 1hr EMA.
Comment: How 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.
Still a buy?
+1 Reply
TomHall JackV.DerSchlesien
@JackV.DerSchlesien, Not for me personally.
Great setup. Volume is increasing, I just took the position.
+1 Reply
TomHall tradeviron
@tradeviron, I hope all goes well.
@TomHall hello tom i did a subscription for the signals so what is the procedure thanks
+1 Reply
TomHall 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
Can I take position ? is it still valid setup?
TomHall Rizwanacma
@Rizwanacma, The poison is now valid, however I can't advise if you should take the position or not.
so - trade is active ?
@Yakir, The D leg is now complete that's correct.
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