I love Flag patterns they are well formed and return vs risk is amazing
the chart has lot of Bearish signals
Bearish:
1. MA 50 over MA 20
2. Last low was broken
3. last high was retested
HOWEVER That Flag pattern
I am long on this pair as of now
I will be looking for long entry on H4 chart
H4 Chart pending buy order 1.6460
SL below the flag pattern 1.62
tp 1.72
I will also have a BUY STOP order above the close of daily candle as well.
Just incase there was NO retrace
the chart has lot of Bearish signals
Bearish:
1. MA 50 over MA 20
2. Last low was broken
3. last high was retested
HOWEVER That Flag pattern
I am long on this pair as of now
I will be looking for long entry on H4 chart
H4 Chart pending buy order 1.6460
SL below the flag pattern 1.62
tp 1.72
I will also have a BUY STOP order above the close of daily candle as well.
Just incase there was NO retrace
