TomHall
Long

USD.JPY - BULLISH BAT & CYPHER SETUPS - 103.653 & 103.634

FX:USDJPY   U.S. Dollar/Japanese Yen
4 months ago
On the USD.JPY 1hr chart we 2 potential trade opportunity's at the D leg completion of a Bullish Cypher & Bat setup.

Bullish Cypher Setup ( Light Blue ) - D leg completion 103.653
Target 1 - 104.365
Target 2 - 104.813

Bullish Bat Setup ( White ) - D leg completion 103.634
Target 1 - 104.354
Target 2 - 104.798

Bullish Bat Setup: Stop loss would be placed below X leg structure support .
Bullish Cypher Setup: Stop loss would be placed below X leg structure support .
4 months ago
Comment: RSI bullish divergence on the 1hr timeframe could be a strong indication price is looking to reverse at the 103.20 support level.
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WyFotso
4 months ago
This double confirmation is with no doubt a strong buy signal
+1 Reply
TomHall TOP WyFotso
4 months ago
Couldn't agree more, stacking the confluence factors.
Reply
I_see_BTC PRO
4 months ago
Agreed. I always enjoy your posts, thank you.
snapshot
+1 Reply
TomHall TOP I_see_BTC
4 months ago
Thanks very much, appreciate the message.
Reply
Flavien
4 months ago
Fibbo show 103.442 and 103.255 for price level.
Reply
TomHall TOP Flavien
4 months ago
It will all depend on how you draw patterns and the fibs used.
It's certainly possible to see a push lower into the 103.4 & 103.2 levels.
Reply
Flavien TomHall
4 months ago
Oh ok , thank you :)
+1 Reply
TomHall TOP Flavien
4 months ago
My pleasure, have a great week.
Reply
Chadgrobler
4 months ago
Dropped into the buy area now!
+1 Reply
TomHall TOP Chadgrobler
4 months ago
It certainly has, more confirmation will be needed to take this position.
Reply
piptamil
4 months ago
Thanks tom.. as always great analysis...
+1 Reply
TomHall TOP piptamil
4 months ago
Thanks very much, have a great day.
Reply
lukeboland PRO
4 months ago
Nice confluence there Tom, good stuff!
+1 Reply
TomHall TOP lukeboland
4 months ago
Thank you Luke.
Reply
ic3frogg
4 months ago
Love u Tom godbless
+1 Reply
TomHall TOP ic3frogg
4 months ago
Have a great week! :-)
Reply
BrianYeeSengFu
4 months ago
still can hold usdjpy long????
+1 Reply
TomHall TOP BrianYeeSengFu
4 months ago
Personally I didn't take this pair long as we needed extra confirmation prior to entry.
Reply
theforexscrub
4 months ago
Can someone explain the catalyst for the huge drop on a japanese holiday??? This was a strong set up for long!!!
+1 Reply
TomHall TOP theforexscrub
4 months ago
There are many subjective reasons why price dropped. many assume it is to do with consumer confidence results out of Japan.
Reply
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