Potential EURUSD Long Bat Pattern.

FX:EURUSD   Euro / US-Dollar
*Personal Journal*
Im looking to long EURUSD as a trend trade, but using a pattern trade as my entry reason.
My analysis is still the same: Bullish trend>Pullback. But this time instead of looking for a slow down on the sellers, I'm looking to get aggresive with a Bat pattern .
Kommentar: Just saw a video of one of the traders I like to follow that is looking EXACTLY at this same set up!
Great feeling to see your mentors made the exact same analysis as you did.
Instead of looking for a Bat pattern he set a Gartley in here, but in my charts the gartley dosn't really match, but the entry point is very close.
Kommentar: I'm looking at a very similar setup on EURJPY, both pairs are heavily correlated so I'll take only EURJPY in case the patterns complete to avoid all the USD news that are comming.
Kommentar: Market showing a pinbar, thats another entry reason if the R:R its good enough.
Trade ist aktiv: Trade now active, we have the Bat pattern and 2 rejections already on the same zone for price action.
Entry: 1.20138
SL: 1.19788
TP: 1.20694

I'll avoid EURJPY trade now.
Trade geschlossen: Ziel wurde erreicht: Target hit just before news.
Profit: 1.59 R
Didn't get the 3.10 R I was expecting because of the indecision between EURJPY and this pair, but still got a good profit.
Koutta Walentine
@Walentine, Elliot waves?
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