EURUSD D1 levels to watch, week 24/2/19, bullish continuation?
Last Wed Thu Fri saw a 3-day bull flag formation off of the previous Fri and Mon Tue. Price went up strongly, spent 3 days retracing. Should be a setup for continuation this week. Looking for 37-pip measured move objective, up from 1.1317, so target 1.1354. This is my first time posting, so I forgot to draw the measured move. Will edit.
Note
See update on the next post, for post-game thoughts on this set-up. I revised targets upward from the much shorter-term target I gave here. TL;DR: this target was hit, upward revised 50% target was exceeded next day, with price extending to about 75% of my target (1.1420). Revised 100% target 1.1454 was never hit.About par for the course. I only expect 50-80%. Any further price extensions are always just icing on the cake.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.