There is a nice bullish flag!
Last week we dipped down to the flag body`s bottom edge and kissed the EMA 200 there. Buyers came into the market here!
There are clear tradingmarks now:
1. Anticyclical Counter trade: Entry now, sl ~ 0,65 (near below the last low=flag Bodys bottom edge) and TP 0,9 = flag Bodys upper edge
2. Procyclical Breakout-Trade: entry>0,9 TP= 1,20
3. BreakOut short entry < 0,65 TP 0,45-0,5 SL 0,7
Last week we dipped down to the flag body`s bottom edge and kissed the EMA 200 there. Buyers came into the market here!
There are clear tradingmarks now:
1. Anticyclical Counter trade: Entry now, sl ~ 0,65 (near below the last low=flag Bodys bottom edge) and TP 0,9 = flag Bodys upper edge
2. Procyclical Breakout-Trade: entry>0,9 TP= 1,20
3. BreakOut short entry < 0,65 TP 0,45-0,5 SL 0,7
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0,792 is the next nice longtrigger to reach the flags upper edge
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nice!
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that is really great
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phantastic