EURCAD FLAG pattern needs one more touch
Flag pattern has 3 touch lower band
two upper band
Right Now we have a Inside bar @ lower band
we need one more which it has happen that the upper band is sitting on
daily Resistance
also by the time price reach the upper band we will have MA 100 also in the same area.
I will be placing a Buy Order in lower time frame
Most likely H1 or H4
My TP will be 1.43 +/-
SL below the last red bar LOW.
when reach Upper band I will look for sell entry.
Good luck
two upper band
Right Now we have a Inside bar @ lower band
we need one more which it has happen that the upper band is sitting on
daily Resistance
also by the time price reach the upper band we will have MA 100 also in the same area.
I will be placing a Buy Order in lower time frame
Most likely H1 or H4
My TP will be 1.43 +/-
SL below the last red bar LOW.
when reach Upper band I will look for sell entry.
Good luck
Komen:
