Another flag pattern on EURJPY at market
Updated
Hi traders,
if you remeber i posted a 15m flag pattern that cost me a loss on Monday (see attached analysis). The analysis is still the same though, only the timeframe has changed.
We've already broken to the upside this formation: you could buy the close of the breaking candle or you can wait for a deeper retracement in order to have a good risk to reward. It's up to you!
I'll wait for a retracement and then i'll be a buyer. My first position would go at structure highs.
If you have any comment, please go ahead.
Otherwise, see you in the next chart!
if you remeber i posted a 15m flag pattern that cost me a loss on Monday (see attached analysis). The analysis is still the same though, only the timeframe has changed.
We've already broken to the upside this formation: you could buy the close of the breaking candle or you can wait for a deeper retracement in order to have a good risk to reward. It's up to you!
I'll wait for a retracement and then i'll be a buyer. My first position would go at structure highs.
If you have any comment, please go ahead.
Otherwise, see you in the next chart!
Note
Be aware of the considerable economic news that are going to be released about euro today!
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