EUR/JPY Cypher & Bat Pattern
EUR/JPY - Cypher & Bat Pattern.
On today's EUR/JPY 1hr chart we have a potential long opportunity at the D leg completion of the Cypher Pattern ( White ) 133.627
If price can break can complete between 133.977 & 133.117 we will also have a C leg completion of a larger Bat Pattern ( Pink )
Although 133.977 & 133.177 is a large PRZ zone, it is only a guideline of where we will be paying more attention for trade setups and opportunity's.
Potential targets for both the Cypher & Bat Pattern will be placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below / above X leg structure support / resistance.
UKForexSignals.com
On today's EUR/JPY 1hr chart we have a potential long opportunity at the D leg completion of the Cypher Pattern ( White ) 133.627
If price can break can complete between 133.977 & 133.117 we will also have a C leg completion of a larger Bat Pattern ( Pink )
Although 133.977 & 133.177 is a large PRZ zone, it is only a guideline of where we will be paying more attention for trade setups and opportunity's.
Potential targets for both the Cypher & Bat Pattern will be placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below / above X leg structure support / resistance.
UKForexSignals.com
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