NZD.JPY - Bullish Bat Setup - 80.977
Updated
On the NZD.JPY Daily 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 80.977 & 80.876
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 81.700
Stop loss would be placed below X leg structure support.
Target 1 - 81.280
Target 2 - 81.470
The price reversal zone on this pair is between 80.977 & 80.876
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 81.700
Stop loss would be placed below X leg structure support.
Target 1 - 81.280
Target 2 - 81.470
Note
Although price has exceeded the X leg there is still a potential long opportunity.Note
5 EASY STEPS TO TRADE THE BAT SETUP
Note
Bullish RSI divergence has now formed.Note
Price is now approaching target 1Note
If you entered the market at 80.977 your target would should now be attained.Note
Price is approaching 81.470 ( Target 2 )Note
If you entered the market at 80.977 your target 2 should now be attained.Note
If you entered the market at 80.977 your extended target should now be attained.
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