On the EUR.JPY 1hr chart we have a potential short opportunity at the D leg completion of a bearish Bat setup.
The price reversal zone on this pair is between 116.135 & 116.265
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 opportunity to look for extended targets at around 115.200
Stop loss would be placed above X leg structure resistance.
Target 1 - 115.717
Target 2 - 115.456
The price reversal zone on this pair is between 116.135 & 116.265
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 opportunity to look for extended targets at around 115.200
Stop loss would be placed above X leg structure resistance.
Target 1 - 115.717
Target 2 - 115.456