You can see a bullish flag on this EUR/USD weekly chart. It offers a bullish breakout trading setup. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line. I will wait for a close reasonably above the upper border of the flag area to open a buy here.
Order cancelled:
Trade setup cancelled due to the breakout to the downside.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.