ADAUSD 1H - Bullish Flag
Analysis:
ADAUSD is currently printing a bullish Flag. If the price breaks above 0.3913 which is the pool top level, it will be a sign of bull trend continuation. In this case we can enter in a long trade. For this trade the stop loss will be at 0.3694 which is the previous lower low level.
------ Trade Plan ------
Type: Long
Entry: 0.3913
Stop Loss: 0.3694
TP1: 0.4132 (Risk Reward 1: 1)
TP2: 0.4429 (Projection)
ADAUSD is currently printing a bullish Flag. If the price breaks above 0.3913 which is the pool top level, it will be a sign of bull trend continuation. In this case we can enter in a long trade. For this trade the stop loss will be at 0.3694 which is the previous lower low level.
------ Trade Plan ------
Type: Long
Entry: 0.3913
Stop Loss: 0.3694
TP1: 0.4132 (Risk Reward 1: 1)
TP2: 0.4429 (Projection)
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