On the EUR.JPY 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 121.843 & 121.584
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 A to D move.
There is also an opportunity to look for extended targets at 123.487
Stop loss would be placed below X leg structure support .
Target 1 - 122.599
Target 2 - 123.067
The price reversal zone on this pair is between 121.843 & 121.584
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 A to D move.
There is also an opportunity to look for extended targets at 123.487
Stop loss would be placed below X leg structure support .
Target 1 - 122.599
Target 2 - 123.067
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A step by step guide to trade the Bat setup
Comment:
This is still a valid pair and something to watch into Monday