EUR-GBP HAS FORMED BULLISH FLAG PATTERN ON H-4 CHART. IF PAIR MANAGES TO BREAK TO THE UP SIDE WE MAY LOOK TO BUY FOR HIGHER TARGETS.
ENTRY: 0.9075 (WAIT FOR BREAK OUT TO THE UP SIDE)
STOP LOSS: 0.9036 (ASSUMING THAT PAIR WOULD NOT BREAK CURRENT LOW OF 0.9043)
TARGET-1: 0.9105 (RE-TEST OF HIGH OF FLAG POLL)
TARGET-2: 0.9220 (MEASURED MOVE AS PER FLAG POLL)
TRADERS SHOULD WAIT FOR BREAK OUT BEFORE ENTER LONG POSITION.
ENTRY: 0.9075 (WAIT FOR BREAK OUT TO THE UP SIDE)
STOP LOSS: 0.9036 (ASSUMING THAT PAIR WOULD NOT BREAK CURRENT LOW OF 0.9043)
TARGET-1: 0.9105 (RE-TEST OF HIGH OF FLAG POLL)
TARGET-2: 0.9220 (MEASURED MOVE AS PER FLAG POLL)
TRADERS SHOULD WAIT FOR BREAK OUT BEFORE ENTER LONG POSITION.