Potential EURUSD Long Bat Pattern.

*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.

Commento:

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.

Commento:

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.

Commento:

Market showing a pinbar, thats another entry reason if the R:R its good enough.

Trade attivo:

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 chiuso: obiettivo raggiunto:

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.