EUR/USD - Bull flag at previous structure resistance pre NFP...
- EUR/USD looks to be forming a bull flag pattern pre NFP release
- This pattern is inherently bullish as per the name and is characterised by two descending parallel trend-lines acting as support/resistance
- The base of this pattern could be forming at previous structure resistance, now turned support
- Even though this pattern is bullish, as mentioned in the title, the US NFP (Non-Farm-Payroll) data is coming out later on today (13:30 GMT )
- This data release usually (not so much recently) causes a lot of volatility in US based pairs
- THEREFORE trade with caution around the release of this data set and MAKE SURE TO SET SL's
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- This pattern is inherently bullish as per the name and is characterised by two descending parallel trend-lines acting as support/resistance
- The base of this pattern could be forming at previous structure resistance, now turned support
- Even though this pattern is bullish, as mentioned in the title, the US NFP (Non-Farm-Payroll) data is coming out later on today (13:30 GMT )
- This data release usually (not so much recently) causes a lot of volatility in US based pairs
- THEREFORE trade with caution around the release of this data set and MAKE SURE TO SET SL's
THIS IS NOT TRADE ADVICE NOR A TRADE CALL