EURUSD H1 LONG - PRICE MAY BREAK OUT OF BULLISH FLAG PATTERN
Updated
Hey traders, EURUSD closed today with a very strong bullish candle on the daily
Sellers tried to push price down but were unable to close strong.
On the H1 we can see a bullish flag pattern, which price has now started to break out of.
A lot of news tomorrow so just be aware and mindful of that ruining this setup.
Technical Analysis: Bullish Flag Breakout
Price Action: Bullish Pinbar on the Daily
MACD: Both moving averages have moved up past 0.
Daily trade analysis and ideas:
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ForexShinobi
Sellers tried to push price down but were unable to close strong.
On the H1 we can see a bullish flag pattern, which price has now started to break out of.
A lot of news tomorrow so just be aware and mindful of that ruining this setup.
Technical Analysis: Bullish Flag Breakout
Price Action: Bullish Pinbar on the Daily
MACD: Both moving averages have moved up past 0.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
ForexShinobi
Note
Price tried twice to breakout but failed to do so. Bearish signs for the EURUSD, will update with possible short trade next week!
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