We have a bearish bat in nzdjpy. Looking to have catch the CD leg by placing a limit order at 89.05 which should be point C if this bat were to play out. Structure appears to be supporting with the 89.05 zone being supported previously. Stop loss to be place below structure around 88.81 level.
Buyers can look to ride this up to point D of the bat pattern while sellers can look to have their limit orders at the 88.86% of the XA leg.
Buyers can look to ride this up to point D of the bat pattern while sellers can look to have their limit orders at the 88.86% of the XA leg.