Breakout on bullish flag possible
Bullish flag, with potential with a breakout above supply zone,
High possibility of a reversal around drawn support line. Depending on how you count the waves there might or might not be a small a-b-c pattern before head north, so watch your entry by checking H1 and maybe even M30.
Idea:
Buy @ support line (~1.2450) SL:1.2410
Target1(SupplyZone) @ 1.2710 (sell 2/3)
Target 2: Move SL to entry and keep this as a manual TP to catch a possible breakout.
High possibility of a reversal around drawn support line. Depending on how you count the waves there might or might not be a small a-b-c pattern before head north, so watch your entry by checking H1 and maybe even M30.
Idea:
Buy @ support line (~1.2450) SL:1.2410
Target1(SupplyZone) @ 1.2710 (sell 2/3)
Target 2: Move SL to entry and keep this as a manual TP to catch a possible breakout.
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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.
Disclaimer
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.