EUR-GBP POTENTIAL BULLISH FLAG FORMATION
EUR-GBP HAS FORMED BULLISH FLAG PATTERN ON H-4 CHART. IF PAIR MANAGES TO BREAK TO THE UP SIDE WE MAY LOOK TO BUY FOR HIGHER TARGETS.
ENTRY: 0.9075 (WAIT FOR BREAK OUT TO THE UP SIDE)
STOP LOSS: 0.9036 (ASSUMING THAT PAIR WOULD NOT BREAK CURRENT LOW OF 0.9043)
TARGET-1: 0.9105 (RE-TEST OF HIGH OF FLAG POLL)
TARGET-2: 0.9220 (MEASURED MOVE AS PER FLAG POLL)
TRADERS SHOULD WAIT FOR BREAK OUT BEFORE ENTER LONG POSITION.
ENTRY: 0.9075 (WAIT FOR BREAK OUT TO THE UP SIDE)
STOP LOSS: 0.9036 (ASSUMING THAT PAIR WOULD NOT BREAK CURRENT LOW OF 0.9043)
TARGET-1: 0.9105 (RE-TEST OF HIGH OF FLAG POLL)
TARGET-2: 0.9220 (MEASURED MOVE AS PER FLAG POLL)
TRADERS SHOULD WAIT FOR BREAK OUT BEFORE ENTER LONG POSITION.
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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.