EURUSD Forming bullish flag on Daily- good RR opportunity
Hello traders,
We have this week CPI ready to shake markets and hopefully taking EURUSD out of this period of acumulation/distribution we are in.
Price action is forming a bullish flag and wichever the side the breakout happens it will be a big move given the time we have been loading in this zone.
I can't tell you that this is the right side, but I tell you that this has a good RR opportunity and it's on the side of the current trend and least resistance.
If you decide to go long, I reccomend 3 positions, 2 for the targets I mention, and the other one for riding the trend, after such a long period of accumulation, the move it's going to be big.
Load your bags, and prepare to ride the pig!
Like and subscribe!
We have this week CPI ready to shake markets and hopefully taking EURUSD out of this period of acumulation/distribution we are in.
Price action is forming a bullish flag and wichever the side the breakout happens it will be a big move given the time we have been loading in this zone.
I can't tell you that this is the right side, but I tell you that this has a good RR opportunity and it's on the side of the current trend and least resistance.
If you decide to go long, I reccomend 3 positions, 2 for the targets I mention, and the other one for riding the trend, after such a long period of accumulation, the move it's going to be big.
Load your bags, and prepare to ride the pig!
Like and subscribe!
Trade active:
Entry point active, get ready for the rumble
Comment:
Take profit 1 reached