View Single Post
  #376  
Old 15-11-2017, 10:41
riki143's Avatar
riki143 riki143 is offline
Level V Lasers Member
 
Join Date: Aug 2012
Posts: 6,982
Default Re: FBS - www.fbs.com

EUR/USD: BULLISH "FLAG" PATTERN
09:02 15.11.2017



Bulls faced with resistance at 1.1787, so the price is consolidating. The main intraday target is the next resistance at 1.1836. If a pullback from this level happens, we could have a bearish correction in the direction of the nearest support at 1.1787.



There's a bullish "Flag" pattern, so the market is likely going to continue moving up towards the closest resistance at 1.1804 - 1.1836 during the day. However, if a pullback from these levels arrives little later on, there'll be an opportunity to have a downward correction towards the nearest support at 1.1804 - 1.1787.

More:
https://fbs.com/analytics/articles/e...g-pattern-5096
Reply With Quote