GBP.JPY - BEARISH BAT SETUP - 141.362
On the GBP.JPY 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 141.362 & 142.040
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 C to D move.
There is also an opportunity to look for extended targets at around 139.200
Stop loss would be placed above X leg structure resistance.
Target 1 - 140.391
Target 2 - 139.798
The price reversal zone on this pair is between 141.362 & 142.040
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 C to D move.
There is also an opportunity to look for extended targets at around 139.200
Stop loss would be placed above X leg structure resistance.
Target 1 - 140.391
Target 2 - 139.798
Comment:
How i trade the Bat setup :-)
Comment:
Setup now invalid.