Roker1
Short

Flag pattern on EURGBP

FX:EURGBP   Euro Fx/British Pound
Hey guys,
another simple pattern on my radar today. This time i'm right on time because the break has just happened. You can see the big impulsive leg that broke multiple structure levels on the 4hr chart. Like i said on the previous idea usually after impulses like this price put brief form of consolidation like flag, triangles and pennants .
You can trade in two different ways: the first is to sell the close of the breaking candle, but in this case in order to have a better than 1:1 RR you have to set your target1 below structure (maybe lining up with 1.27 extension), the other way (the one i'm using) is to wait for a pullback and then sell as soon as you get a 1:1 RR at the retest of the lows. And then maybe you can split your position and take target2 at the extension.
It's up to you.

Feel free to comment below if you want to share your viewpoint or ask some questions.
See you in the next chart!
Trade closed: target reached: Both target achieved!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/Uo9bT5S3QYU
Great trade, appreciate the sharing. :) 100pips!!!
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Hey @Telson, i'm very happy to hear that!
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