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 .
Target 1 - 122.620
Target 2 - 123.103
Potential long opportunity if it meets your rules to enter.
Let's see what happens.