Bullish Bat is in the formation on GBPJPY (high risk to reward ratio) and the move up seems to be huge...
Looking for long at point 'D' as the point lies on strong levels of support and resistance from the structure for over a decade.....
Target 1 - At 50% retracement of CD leg, which lines up with point 'B'...
Target 2 - At 61.8% retracement of CD leg....
Note: The Risk to Reward levels have slipped up during placement and I did not observe them.. Stops go beyond point 'X'...
Looking for long at point 'D' as the point lies on strong levels of support and resistance from the structure for over a decade.....
Target 1 - At 50% retracement of CD leg, which lines up with point 'B'...
Target 2 - At 61.8% retracement of CD leg....
Note: The Risk to Reward levels have slipped up during placement and I did not observe them.. Stops go beyond point 'X'...