Bullish Flag pattern 🏺
Updated
Anticipating Eurusd Bulls to arrive sometime midweek during Powell's speeches. It's simply too difficult for me to not imagine some resurgence of bulls and Market optimism with risk-on buying back up to the 1.096 1Hr Zone Highs from the previous week. The Monthly candle has 11 days left in it and is now a solid bullish candle. I'm anticipating an upside push after a +1% Bullish weekly candle on Eurusd. It was a rather large weekly engulfing last week that was printed and the largest bullish close on said timeframe since the 2nd week of the year.
As stated in the May 24th publishing and roughly 1 month ago, " Bull targets for the month of June are
- a return to 1.1024 weekly level
- a push towards 1.14655 Weekly level. "
This remains as we have 9 trading day's remaining in June 23'. It is quite possible we may just range for some time before probing more towards the weekly level 1.1024.
Must plan for Bullish and Bearish scenarios.
Our most recent Daily S/R Zone stands at 1.0781. It is possible we may go back and test here but like this to be the least probable.
Have a great trading week following the probabilities. Also cutting your losses short and letting your profits run.
Bearish Target on Week 1.08146
Bullish Target on Week 1.10
As stated in the May 24th publishing and roughly 1 month ago, " Bull targets for the month of June are
- a return to 1.1024 weekly level
- a push towards 1.14655 Weekly level. "
This remains as we have 9 trading day's remaining in June 23'. It is quite possible we may just range for some time before probing more towards the weekly level 1.1024.
Must plan for Bullish and Bearish scenarios.
Our most recent Daily S/R Zone stands at 1.0781. It is possible we may go back and test here but like this to be the least probable.
Have a great trading week following the probabilities. Also cutting your losses short and letting your profits run.
Bearish Target on Week 1.08146
Bullish Target on Week 1.10
Note
Price is retreating as anticipated to more attractive long pricesOur 4Hr S/R Zone is 1.0865 and we look for a good RR idea at that level.
Note
Price may retreat back to retest 1.098 or 1.0945 daily s/r zones before contiuing it's ascentTrade closed: target reached
Note
price is pulling back from the Daily S/R Zone 1.098 as was drawn out. for the last daily candle of the week looking for more upside or price may just do a volatile range with manufacturing data during NY tomorrow.
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