FX_IDC:EURUSD The 15' Bull Flag was just confirmed by price, with precise touchs to the line. Due to the recent uptrend move, this trade has a great R:R of over 1:3, and it's on the trend side. The 100% Fibo projection is exactly at the major daily resistance, but as a day trade it's reasonable to take profit a little earlier.
Trends like these are excellent opportunities. The momentum is up, and we have a nice sideways correction to provide support if the pair breaks out. This is on the watch list for the week.
BTC is lil weird to trade right with the ETF news. But here's the plan : a short before breaking the bull flag. I wanted to make this shorting 2 hours ago, anyway, now I'll wait for the long entry :) If you venture into the shorting, no need to remind you to watch out for upward breakout, in which case, long all the way ! Good trading lads.
Fibonacci Extensions and a bull flag pattern completion give a measurement of support to 247.32