Hey Traders! Marry Christmas to everyone! Hope you had a good weekends and ready for the week ahead. Just made a short outlook on the few currency pairs and just stopped out on this one EJ. From the nature of PA - the chart is very clean. Daily timeframe. Huge impulse to the upside was already formed. The formation of HL was formed as well. The correction is a bull flag continuation pattern, which has inverse H&S pattern as well. There is clear breakout of the pattern and ANOTHER new impulse was already formed! Very very nice picture. What do we have now? After breakout of the pattern - we got impulse and ANOTHER FLAT FLAG was formed and it is also continuation pattern. Just according our MA50 on a daily timeframe we can get some deeper pullback (breakout of flat flag) get the people of the wrong side of the market. And then price can pull back up in the predicted direction. So on the higher timeframe the move to the 133.000 is very likely. It is my first post about EJ so if there will be any updates - I will let you know!