#USDJPY Multiple Opportunities 4H/1H(Bats, Structure, Harmonics)

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

#USDJPY Multiple Opportunities 4H/1H(Bats, Structure, Harmonics)

@TradeYodha (TradeYodha.com)

Bat forming on 4H where we have a major structure
On 1H we have 2 opportunities
Short on 1H: Bat is forming to short in the upper zone. Target R/R as 1:1
Long on Lower Zone: The lower zone has 200sma and has potential to become a very good support area. 50sma of 4H is also in the same zone.Depending on the price action, this lower zone may also become a part of an advanced pattern later on. Target R/R at least 1:1 but have multiple targets to long as the underlying trend on 4H is uptrend. Next long target for this will be around 120.860

I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.

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