First Forex Idea: Flag (continuation pattern) in bullish trend
This action could determine if EURGPB stays bullish on the higher timeframe.
The top blue line you see is my 1D technical analysis which is tested twice but likely to break if there's a high volatility move.
Daily there's a triangle being formed. The blue line is the upper side of the triangle.
The green lines are my long entries and the red ones are my possible short entries that I will not take.
Flag pattern in a bullish uptrend has a higher probability to continue its trend than to reverse.
If you have any thoughts on this, let me know!
The top blue line you see is my 1D technical analysis which is tested twice but likely to break if there's a high volatility move.
Daily there's a triangle being formed. The blue line is the upper side of the triangle.
The green lines are my long entries and the red ones are my possible short entries that I will not take.
Flag pattern in a bullish uptrend has a higher probability to continue its trend than to reverse.
If you have any thoughts on this, let me know!