NZD.JPY - Bullish Bat Setup - 80.977

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

Kommentera:

Although price has exceeded the X leg there is still a potential long opportunity.

Kommentera:

5 EASY STEPS TO TRADE THE BAT SETUP

Kommentera:

Bullish RSI divergence has now formed.

Kommentera:

Price is now approaching target 1

Kommentera:

If you entered the market at 80.977 your target would should now be attained.

Kommentera:

Price is approaching 81.470 ( Target 2 )

Kommentera:

If you entered the market at 80.977 your target 2 should now be attained.

Kommentera:

If you entered the market at 80.977 your extended target should now be attained.