Flag formation indicates the end of the correction.
Support zone just below the price. Stops could be located below the support zone.
Buy in case of the breakthrough of the flag upper bound.
Add position above the 1100.0 level.
Support zone just below the price. Stops could be located below the support zone.
Buy in case of the breakthrough of the flag upper bound.
Add position above the 1100.0 level.
Note
Did not manage to break above the resistance. The volumes looks to low for the breakthrough. Looks like the 1000 - 1100 zone will hold the pair a little longer.
The break below the 800 price could change the uptrend scenario.
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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.