EUR.JPY - Bullish Bat Setup - 120.313

20 мар. 2017 г.

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 120.313 & 120.015
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 122.500
Stop loss would be placed below X leg structure support .

Target 1 - 121.30
Target 2 - 121.88

20 мар. 2017 г.

Заметка

20 мар. 2017 г.

Заметка

I am expecting a push lower on this pair in the next couple of hours as price approaches resistance and 1hr EMA.

20 мар. 2017 г.

Заметка

20 мар. 2017 г.

Заметка

How to trade the Bat setup.

20 мар. 2017 г.

Заметка

Price broke out of the consolidation and approaching D leg completion.

21 мар. 2017 г.

Заметка

Please note, this setup is still valid until price breaks the C leg.

22 мар. 2017 г.

Заметка

D leg completion at 120.313

24 мар. 2017 г.

Заметка

No position taken on this pair.
The setup is now invalid.