Bullish continuation pattern (bullish flag) on the 4h chart, highlighted by the red and yellow lines.
The pair is testing the short term trendline (T1) for the 3rd time and could complete the continuation pattern before it breaks out.
The EMA,50 is below the EMA,26 , therefore supporting an overall bullish bias on the pair and the RSI is suggesting a Bullish Divergence with higher lows.
In conclusion, i'm bullish on this set up
Entry point: 1.0577
S/L: 1.0568(@PL Level)
T/P 1: 1.06423
T/P 2: 1.07180
The pair is testing the short term trendline (T1) for the 3rd time and could complete the continuation pattern before it breaks out.
The EMA,50 is below the EMA,26 , therefore supporting an overall bullish bias on the pair and the RSI is suggesting a Bullish Divergence with higher lows.
In conclusion, i'm bullish on this set up
Entry point: 1.0577
S/L: 1.0568(@PL Level)
T/P 1: 1.06423
T/P 2: 1.07180
Trade closed: stop reached