Forex Signals – EURUSD Flag Pattern
Daily Outlook: All targets were hit from yesterday's long signal for 100+ pips (pair actually rose 160+ pips). PipHutters were rewarded for their patience as the pair took a dip after our signal for the following 2 hours, allowing hutters to get long at an even better price than we did for more pips.
Trading Idea: Today is Friday and normally we would not be trading but we like the flag pattern we are saying on the EU charts and we will look to take a long on a topside break of the blue consolidation channel shown above. From 3840 (where resistance currently is but, as usual, it drops with the falling resistance) we will target 3860, 3885, 3915 and 3945 for 105 pips profit. On a downside break of support, currently at 3770 and falling, we will target 3750, 3725, 3700 and 3670 for 100 pips profit.
Have a great weekend PipHutters and see you next week! One last chance to take your stab at the 1.40 poll below:
Today's Poll: [polldaddy poll=5640172]
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