Hi guys,
this time we're going with the trend and we're not anticipating any kind of reversal. Instead, since we saw a recent break and close above the Previous Resistance Level (pointed out in the chart) we're now looking to ride the trend untill we get to the next reversal point that will come all the way up to 1,5780. So i went on lower timeframes such as the hourly that you see here looking for some kind of simple pattern showing a break to the upward direction, and i've found a nice flag pattern that's recently been broken to the upside.
I'm waiting to see if the order (blue line) will get triggered. IN that case, stops below the low and targets as shown.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
this time we're going with the trend and we're not anticipating any kind of reversal. Instead, since we saw a recent break and close above the Previous Resistance Level (pointed out in the chart) we're now looking to ride the trend untill we get to the next reversal point that will come all the way up to 1,5780. So i went on lower timeframes such as the hourly that you see here looking for some kind of simple pattern showing a break to the upward direction, and i've found a nice flag pattern that's recently been broken to the upside.
I'm waiting to see if the order (blue line) will get triggered. IN that case, stops below the low and targets as shown.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
Trade active
Trade closed: target reached