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fatbeetrader
Aug 10, 2013 7:36 AM

EURJPY - Bullish divergence, Double bottom & Gartley pattern Long

Euro Fx/Japanese YenFXCM

Description

This is one sexy pattern on the EURJPY, talk about the perfect storm!

There are three things i like about this trade.

1. Bullish divergence on Momentum and RSI.
2. Double bottom enabling a super tight stop
3. Completion of the Bullish Gartley pattern which has completed at lower at the 0.886 providing a Bat pattern like high probability limited risk pattern.

Looking to see how the market opens on Monday and target an entry 886 re-tracement level, targeting 80%+ of the profit target at 132.00
Comments
fatbeetrader
Trade opened this morning, please leave a comment on if you agreed or disagree on the chart ( a thumbs up wouldn't hurt ether)
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