EUR.JPY - Bullish Bat Setup - 121.847

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 121.847 & 121.594
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 123.450
Stop loss would be placed below X leg structure support .

Target 1 - 122.620
Target 2 - 123.103
Comment: Price is now approaching the D leg completion
Comment: 5 Easy steps to trade the Gartley Pattern

Comment: D leg is now complete at 121.847
Potential long opportunity if it meets your rules to enter.
Comment: Please note, this setup is still valid of a long position.
no well
@Rickdy, It's not a trade i personally took.
@TomHall Do you think that this setup is still valid? Can it still hit Target 1? Cheers
+1 Reply
TomHall dxbtrader123
@dxbtrader123, It is certainly possible, we will have to await market open.
Tom why is still valid if the X leg was exceeded?
TomHall felipenavarro1
@felipenavarro1, Between the X and D leg is simply an area of interest it doesn't mean the pattern is invalid for me.
is it work ? :)
+1 Reply
TomHall alihikmetharun
@alihikmetharun, Nice setup mate
+1 Reply
sifisobrandon alihikmetharun
@alihikmetharun, nice work
+1 Reply
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