bullish flag pattern - waiting for a confirmation
Updated
hey guys,
on pound dollar we had a very strong bullish momentum up until 1.33 level,
and just recently we have seen a pullback to a previous level of support
forming a nice bullish flag pattern.
now we see an attempt of the market to violate this falling channel,
and I believe that many traders have already bought this pair,
however, I suggest you slow down and wait until we see a bullish violation of a local resistance level on 1 h chart.
focus on 1.318 level and buy its bullish violation!
your initial target will be the market high
the second target 1.345 level and based on structure.
good luck!
Note
retest of support
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