USD.JPY - BEARISH BAT SETUP - 106.566
On the USD.JPY Daily chart we have a potential short opportunity's at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 106.566 & 107.449
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 opportunity to look for extended targets at around 100.60
Stop loss would be placed above X leg structure resistance.
Target 1 - 103.828
Target 2 - 102.119
The price reversal zone on this pair is between 106.566 & 107.449
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 opportunity to look for extended targets at around 100.60
Stop loss would be placed above X leg structure resistance.
Target 1 - 103.828
Target 2 - 102.119
Comment:
Bearish bat setup D leg now complete.