Pattern Preference?
Took a very good trade today in this pair that hitted our two targets, and now we're heading to our next opportunity with two different patterns depending on what price you take as your first impulse leg (X), both complete in the "same zone" (50 pips difference) so we can take that as our PRZ.
I'm going to take the Bat pattern (Yellow) instead of the Gartley (Blue).
Reasons: 1) Better RvR
2) Even handle number
3) Clear rejection of that level looking left.
4) My stop in the Gartley would be above the Bat entry point, so my plan doesn't allow me to take it.
I'll move my targets if the price move beyond my entry, going to use normal targets Fibonacci .382 and .618
Keep it simple, and focus on the process
Twitter: @JeanC680
Jean
I'm going to take the Bat pattern (Yellow) instead of the Gartley (Blue).
Reasons: 1) Better RvR
2) Even handle number
3) Clear rejection of that level looking left.
4) My stop in the Gartley would be above the Bat entry point, so my plan doesn't allow me to take it.
I'll move my targets if the price move beyond my entry, going to use normal targets Fibonacci .382 and .618
Keep it simple, and focus on the process
Twitter: @JeanC680
Jean
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