EURUSD | 1H Timeframe | Bullish Flag signaling Continuation
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the EURUSD pair in 1H time frame shows no divergence and therefore strengthens the continuation of a bullish pattern through a formation of bullish flag. This provides an opportunity to long the pair
Strategy: 1) As per risk/reward ratio of 1:1, the calculated lot size is 0.04 2) Entered Buy trade by putting buy stop at 1.09377 3) To manage risk, I put stop loss at 1.07049 4) I will take profit for the first trade at 1.11709
DIsclaimer: Please manage your risk at all time. This is not an investment advice.