๐ฅ Massive Bullish Move Incoming? ๐ฅ
๐ Technical Breakdown:
The EUR/AUD chart is forming a Flag & Pole pattern, a classic continuation setup signaling further upside! After a strong impulse move, price is consolidating within a bullish flag, preparing for the next breakout.
๐ Key Technical Analysis:
โก Pattern: Flag & Pole โ Strong bullish continuation signal!
๐ Trend: Market remains above the 200 MA, supporting upward momentum.
๐ Volume: Declining during consolidation โ a sign of potential breakout soon!
๐ฏ Trade Setup & Targets:
๐ข Entry: Break above flag resistance for confirmation.
๐ด Stop Loss: Below flag support to manage risk.
๐ฏ Target Point: 1.7955
โ Risk Management Tip: Watch for a breakout retest before entering! Avoid jumping in too early to prevent fakeouts.
๐ฅ Final Thoughts:
A breakout from this flag & pole structure could trigger a strong bullish push! Traders should keep an eye on price action for confirmation.
๐ข Are you taking this trade? Drop your thoughts below! ๐