VERGE [Flag Pattern]XVG is inside a flag pattern.
Point 5 was a false breakout of the structure. Now the price should retrace around blue rectancle area before the bullish trend will continue.
Most important price levels now are:
Dotted blue line: if XVG will break above that level, the bullish trend is very strong and it will continue for days;
Dotted red line: if XVG will go down and break that level, my idea is invalidated.
GL
Active
EURUSDEURUSD is in a lateral zone since first days of August.
Here is a possibile pattern of what could happend. I will take a short position on breakout of the weekly pinbar lowest point. Setup invalidated if price will break above 50% weekly pinbar length.
Weekly chart below. The huge pinbar formed 3 weeks ago is still a valid setup to trade.