EUR/USD Bear Flag

14 août 2023

EUR/USD is starting off the week with a Bear Flag!

Break of the flag to the downside is expected, following suit before price entered into pattern. I believe the break will give to a BIGGER bearish sequence.

Waiting for a VALID CLOSE and RETEST of break to so validation.

SL, TP & Entry will be updated!!

14 août 2023

Note

We have a valid break out of the Bear Flag and EUR/USD is already reaching down!!

We have an extension from B to C and with the current low being created, that generates our B/C Entry Level if price is able to retrace back to the break point and previous Swing Low (Point A).

SL will be set at 1.09700, just above Entry Level and set of previous Low levels of Bear Flag.

TP1 will be 1.08700.

Possible TP2 & TP3 TBD