EUR.JPY - Bullish Bat Setup - 120.313

2017年3月20日

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

2017年3月20日

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2017年3月20日

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

2017年3月20日

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2017年3月20日

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How to trade the Bat setup.

2017年3月20日

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

2017年3月21日

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

2017年3月22日

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D leg completion at 120.313

2017年3月24日

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