EURUSD: Bearish Flag Is Still Valid

FX:EURUSD   Euro / U.S. Dollar
On the previous idea, I was expecting a bearish flag but the price gave us a better entry as it retested the bearish flag again.
Watch for sell setups and use strict risk management.


Thank you and Good Luck!

Comment: Stop loss at break-even as the trade should be nearly +160 points.
Trade closed: target reached: Target reached +204 points
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+5 Reply
very nice, keep sharing!
+3 Reply
The point of flag is still observed hence price failed to generate HH and LL
+1 Reply
all i see on the daily tf is uptrend cux it needs to complete the wave 5
+1 Reply
KlejdiCuni shugarfx1106
@shugarfx1106, Do you mean this daily time frame?
+1 Reply
KlejdiCuni shugarfx1106
@shugarfx1106, If that is going the way you are waiting, we can be in a totally different scenario as the correction of the 3-rd wave is becoming the same as the actual one. So careful by anticipating that.
nice chart mate
+1 Reply
love the idea, have same thought but lets see
+1 Reply
KlejdiCuni nyamjargal0710
@nyamjargal0710, Totally agree with you.
Good idea
+1 Reply
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