USD.JPY - BULLISH BAT & CYPHER SETUPS - 103.653 & 103.634
On the USD.JPY 1hr chart we 2 potential trade opportunity's at the D leg completion of a Bullish Cypher & Bat setup.
Bullish Cypher Setup ( Light Blue ) - D leg completion 103.653
Target 1 - 104.365
Target 2 - 104.813
Bullish Bat Setup ( White ) - D leg completion 103.634
Target 1 - 104.354
Target 2 - 104.798
Bullish Bat Setup: Stop loss would be placed below X leg structure support.
Bullish Cypher Setup: Stop loss would be placed below X leg structure support.
Bullish Cypher Setup ( Light Blue ) - D leg completion 103.653
Target 1 - 104.365
Target 2 - 104.813
Bullish Bat Setup ( White ) - D leg completion 103.634
Target 1 - 104.354
Target 2 - 104.798
Bullish Bat Setup: Stop loss would be placed below X leg structure support.
Bullish Cypher Setup: Stop loss would be placed below X leg structure support.
Commento:
RSI bullish divergence on the 1hr timeframe could be a strong indication price is looking to reverse at the 103.20 support level.