Simple Flag In EURGBP Offering A Good Risk To Reward Ratio

FX:EURGBP   Euro Fx/British Pound
18 0 5
We've been sitting in congestion during Asian session and now we're heading into European session.

A textbook flag is forming during the consolidation that if breaks to the upside has a chance of getting as high as 0.71 handle because of the Flag Pole Projection target.

Remember: even (often) textbook formations and patterns fail, so keep the position size reasonable.
Have fun.
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