The price reversal zone on this pair is between .8321 & .8296
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 .8500
Stop loss would be placed below X leg .
Target 1 - .8401
Target 2 - .8452
That's correct it a Bat setup and not a Cypher.
I was looking at it this morning but with the 1.27 extension and couldn't get the RRR can i ask the reasoning behind the 1.61 extension ? is it something to do with the retracments in the middle of the pattern
Still trying to learn these patterns Regards