#USDJPY Multiple Opportunities 4H/1H(Bats, Structure, Harmonics)

11 de abr. de 2015

#USDJPY Multiple Opportunities 4H/1H(Bats, Structure, Harmonics)

TradeYodha (TradeYodha.com)

• Bat forming on 4H where we have a major structure
  
• On 1H we have 2 opportunities
  
• Short on 1H: Bat is forming to short in the upper zone. Target R/R as 1:1
  
• Long on Lower Zone: The lower zone has 200sma and has potential to become a very good support area. 50sma of 4H is also in the same zone.Depending on the price action, this lower zone may also become a part of an advanced pattern later on. Target R/R at least 1:1 but have multiple targets to long as the underlying trend on 4H is uptrend. Next long target for this will be around 120.860
  

I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.