EURGBP 4HR Bull Flag + Golden Pocket Retrace
מעודכן
Forming on the EURGBP 4HR chart we have multiple bullish signals.
Depending on your perspective we are in a fair size bull flag, or we are in a descending channel that has reached 61.8% retrace almost exactly.
I will be charting the flag option.
We have a tight flag formation, coupled with the fib retrace, and a proper downward sloping flag, all good signs for performance. Our textbook says our chances of successfully reaching the FULL target are only around 46%, however with these good signs in our favor I will be pushing it slightly to 50%.
The pattern expects a move of about 0.04130, multiplied by 50% or 0.50 to get our target.
Entry: after a bar fully closes beyond the flag top with convincing volume, or after a full bar has opened and closed beyond (full confirmation)
TP: Approximately 0.02065 from breakpoint.
SL: Previous swing low, currently at 0.090067
Expected R/R: ~2.5-2.9 depending on breakpoint
Pattern information: thepatternsite.com/flags.html
Depending on your perspective we are in a fair size bull flag, or we are in a descending channel that has reached 61.8% retrace almost exactly.
I will be charting the flag option.
We have a tight flag formation, coupled with the fib retrace, and a proper downward sloping flag, all good signs for performance. Our textbook says our chances of successfully reaching the FULL target are only around 46%, however with these good signs in our favor I will be pushing it slightly to 50%.
The pattern expects a move of about 0.04130, multiplied by 50% or 0.50 to get our target.
Entry: after a bar fully closes beyond the flag top with convincing volume, or after a full bar has opened and closed beyond (full confirmation)
TP: Approximately 0.02065 from breakpoint.
SL: Previous swing low, currently at 0.090067
Expected R/R: ~2.5-2.9 depending on breakpoint
Pattern information: thepatternsite.com/flags.html
עסקה פעילה
Entry: approximately 0.9108עסקה סגורה: הגיע לסטופ
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.