Hey everyone,
Sharing my view on EUR/GBP on the 1-hour chart. I've spotted what looks like a classic Bullish Flag pattern developing after a strong upward surge. This is a continuation pattern, and I'm looking to trade the breakout.
My Game Plan: I'm playing this with a conservative entry, waiting for a clear break of the top of Flag pole. Here are the specific levels for my trade plan:
🎯 Entry (Buy Stop): $0.8733
🛡️ Stop Loss: $0.8677 (A break below here would invalidate the bullish setup for me)
💰 Take Profit 1: $0.8789 (A clean 1:1 Risk/Reward)
🏆 Take Profit 2: $0.8822 (Length of the flag pole)
Sharing my view on EUR/GBP on the 1-hour chart. I've spotted what looks like a classic Bullish Flag pattern developing after a strong upward surge. This is a continuation pattern, and I'm looking to trade the breakout.
My Game Plan: I'm playing this with a conservative entry, waiting for a clear break of the top of Flag pole. Here are the specific levels for my trade plan:
🎯 Entry (Buy Stop): $0.8733
🛡️ Stop Loss: $0.8677 (A break below here would invalidate the bullish setup for me)
💰 Take Profit 1: $0.8789 (A clean 1:1 Risk/Reward)
🏆 Take Profit 2: $0.8822 (Length of the flag pole)
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.