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Bat formation near completion!Hi guys, here you can see a bat formation near to the completion D point. However, my analysis started from higher timeframe, where i've indentified the strong daily support sitting at 1,60 even handle number. The harmonic formation ends up right there and therefore i think it could be a nice opportunity to go long. Stops below X, targets at the .382 and .618 retracement of AD leg. Good trading! If you want to share your standpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2
GBP.JPY - BEARISH BAT SETUP - 141.362On the GBP.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 141.362 & 142.040 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 139.200 Stop loss would be placed above X leg structure resistance. Target 1 - 140.391 Target 2 - 139.798
Short
by UnknownUnicorn180388
7