Euro / Australian Dollar
Long
Updated

EUR/USD 1H FLAG CHART PATTERN

645
EUR/AUD 1H (Euro/Australian Dollar), MY analyzing a bullish flag chart pattern, which is a continuation pattern following a strong uptrend. The price has broken out of the flag to the upside, indicating a potential continuation of the bullish move.

📈 Targets Based on the Chart:

1. First Resistance / Target 1:

Price Level: Around 1.78500



2. Second Resistance / Target 2:

Price Level: Around 1.79500




These levels are clearly marked on your chart with arrows pointing upward, showing expected upward movement after the breakout.

✅ Trade Idea Summary:

Pattern: Bullish Flag

Breakout Direction: Upward

Entry Suggestion: On breakout above flag resistance (already occurred)

TP1: 1.7850

TP2: 1.7950

SL (Suggested): Below 1.7730 (previous low or support zone)


Let me know if you want a complete trade setup (entry, SL, TP, risk/reward).
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