TomHall
Short

USD.JPY - BEARISH BAT SETUP - 106.566

FX:USDJPY   U.S. Dollar / Japanese Yen
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
Comment: Bearish bat setup D leg now complete.
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Tom, what do you think?
snapshot
+1 Reply
TomHall TOP MarkSterensohn
@MarkSterensohn, Everything looks good to me Mark.
Reply
@TomHall, is has been broken. Now , Cyphern pattern?
snapshot
+1 Reply
TomHall TOP MarkSterensohn
@MarkSterensohn, Very nice setup i am watching the same thing.
+1 Reply
TomHall TOP MarkSterensohn
@MarkSterensohn, I am however watching it on the 1hr TF and not the 15min
Reply
nice setup tom, i try this!

do you have a SL?
Reply

Looking at the same thing however target is a lot larger since this would be an impulse followed by a breakout of a flat ABC
Reply
TomHall TOP AkashGaur
@Fxtoronto, Nice setup mate, best of luck into next week.
+1 Reply
AkashGaur TomHall
You too buddy :) @TomHall,
Reply
Really nice setup...I'm definitely taking this trade.
Reply
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