On the EUR.JPY 15min 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 115.122 & 114.956 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 116.321 Stop loss would be placed below X leg structure support.
extension structures such as crabs, cyphers, and sharks have more leverage in structure. In other words, sloppy structure doesn't 'matter all the time.
again these are just my observations...only because I mostly use harmonics
UnknownUnicorn180388
⋅
@CajunXChange, Like I always say, with the market in general being very subjective aslong as a trader has an edge over the market that is all that matters.
Have a great week.
CajunXChange
⋅
good look. structure lacking imho though
UnknownUnicorn180388
⋅
@CajunXChange, The D leg completion is only an area of interest, we will have to see how market reacts if / when price reaches our potential reversal level.
CajunXChange
⋅
@tomhall, agree with whole setup. just from my minimal experience, structure usually determines whether the pattern will hold or not with harmonics
UnknownUnicorn180388
⋅
@CajunXChange, For me personally structure only plays a minimal part in my entry rules, there are a number of different indicators and criteria's that must be met prior to entry.
again these are just my observations...only because I mostly use harmonics