Long
EGLDBUSD has formed a Flag
Welcome back Traders, Investors, and Community!
Hi Traders, EGLDBUSD has formed a Bullish Flag which is a sign of continuation. The flag pattern formed after the price broke above the major Resistance line with series of green candles. We need to wait for the price to get out of the flag.
On the H1 we can see the price is going lower which seems to get a pullback at 74.83 before it gets out of the Flag pattern.
We will have more FREE forecasts in TradingView soon
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Have a Profitable Day
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.