sumastardon
Long

EURUSD Bull Flag Set-Up

FX:EURUSD   Euro / U.S. Dollar
EURUSD Trading the Bull Flag Formation
A small bull flag looks to be in the early stages of formation.
With DXY still under pressure and expected to fall away a
further 2.5% to 88 over the coming weeks EUR has further
upside in store. Can buy the dip back to the lower parallel of
the flag - if EUR is to remain very positive there will only be 2
strikes on the lower parallel of the flag before it rallies up
through the upper parallel to challenge 1.2515-1.2566 range
where it will become vulnerable once more.
Buy the dip to the lower parallel of the flag at 1.2092 with
stop below 1.2050. Add on the break above the upper parallel
of the flag and finally reverse from 1.2520 with stop above
1.2587
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out