AUD.JPY - Short Opportunity @ Market
Updated
On the AUD.JPY 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 83.921 & 84.00
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 C to D move.
There is also an opportunity to look for extended targets at around 82.80
Stop loss would be placed above X leg structure resistance.
Target 1 - 83.467
Target 2 - 83.187
The price reversal zone on this pair is between 83.921 & 84.00
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 C to D move.
There is also an opportunity to look for extended targets at around 82.80
Stop loss would be placed above X leg structure resistance.
Target 1 - 83.467
Target 2 - 83.187
Note
Please Note:Although price is at the Bat D leg completion, the pair doesn't currently meet my rules to enter.
Note
If we see a break and close above 84.20 it will invalidate the idea for me.Order cancelled
No trade setup on this pair it hasn't met my rules to trade.
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