On the USD.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 103.464 & 103.334
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 104.265
Stop loss would be placed below X leg structure support.
Target 1 - 103.852
Target 2 - 104.076
The price reversal zone on this pair is between 103.464 & 103.334
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 104.265
Stop loss would be placed below X leg structure support.
Target 1 - 103.852
Target 2 - 104.076