TomHall
Long

EUR.JPY - Bullish Bat Setup - 121.847

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 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

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.
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I'm on short and my target is 118.23,please check the weekly chart Mr. @TomHall
+1 Reply
TomHall TOP SifisoNdala
@SifisoNdala, Hope everything goes well.
Reply
Thank you,but I'll be very confident once price goes below 122.00 @TomHall
Reply
TomHall TOP SifisoNdala
@SifisoNdala, With 122.00 being a strong psychological whole number it is possible it could hold as support
Let's see what happens.
Reply
snapshot
I hope :)
+1 Reply
TomHall TOP alihikmetharun
@alihikmetharun, Nice setup mate :-)
+1 Reply
Are You waiting for D, or are You going Long now?
+1 Reply
@Nuzzi, I will be awaiting for a D leg completion, i will then run through my entry criteria to see if it meets my rules to take a position.
Reply
savada TomHall
@TomHall, Hi,Tom. Is this still valid set up?
Reply
@savada, Hi, Yes it is still valid.
Reply
In EURJPY
Reply
snapshot
is it work ? :)
+1 Reply
TomHall TOP alihikmetharun
@alihikmetharun, Nice setup mate
+1 Reply
sifisobrandon alihikmetharun
@alihikmetharun, nice work
+1 Reply
Tom why is still valid if the X leg was exceeded?
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TomHall TOP felipenavarro1
@felipenavarro1, Between the X and D leg is simply an area of interest it doesn't mean the pattern is invalid for me.
Reply
@TomHall Do you think that this setup is still valid? Can it still hit Target 1? Cheers
+1 Reply
TomHall TOP dxbtrader123
@dxbtrader123, It is certainly possible, we will have to await market open.
Reply
no well
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@Rickdy, It's not a trade i personally took.
Reply
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