EURAUD - In Bullish Trend

18 ก.ค.

This pair is in bullish trend and formed a bullish flag which is a continuous pattern. I have also drawn the projection of the continuous pattern. The trade can be taken either at the breakout of the flag (which I have taken) or could have waited for further confirmation by taking a trade at the breakout of the tip of the pole. The analysis is down on 1H time frame but I have take trade on 15m time frame. In this trade I am testing a little different strategy based on candlestick patterns.

The signal is:

EP: 1.62613
SL: 1.62233
TP: 1.63750 (1:3)
RR: 1%
Lots: 0.37