Trading above 1.3025 will Trigger the Long-flag --> TP 1.3125
The flag-consolidation can reach down to the 38,2 fibo @ 1.2926 without threatening he flag . The RSI signs a weak selling-Signal
Dear followers -i miss you and your comments!
illustrated example position triggered, adjusted flag view
don`t forget to trail your sl! :-9
Trade closed: target reached:
catched many pips - nice one!!
I have just recently started following you, and see you have a wealth of knowledge. I am still struggling to learn more, and I Thank you for your insight! I am long on this pair @1.28775, so am planning to hold.
My trade is on the 4HR chart frame. I have been primarily trying to use price action with a trend bias (the hardest part to determine for me). In this trade, I normally would have gotten in on the 618 pullback, but was absent during that time, so got in around the 382. Thanks again!
The 618 for entry I am referring to is the lower one, from the previous swing low of 1.27629 to the hi of 1.29647. My target price is the 1.618 extension from the high of 1.29647 to the new swing low of 1.2830.