EUR/USD Flag pattern?

Hello friends

Last week, the price played in a range

In addition to the "flag pattern" that I recognize,
Due to the;

Weekly time frame:
- A strong bullish candle followed by a weak bearish candle
- RSI and Stoch RSI, close to 50 and tendency to rise
- MACD, weak downtrend and tendency to climb
- Price collision with MA20 & MA50

Daily time frame:
- Formation of candles with a long shadow at the bottom
- RSI & Stoch RSI; Above 50 and tending to climb
- MACD; ascending
- MA; Passing 20 and 50, and multiple test 100

4H time frame:
- RSI; In the range of 50
- Stoch RSI; Below 50 but the desire to climb
- MACD; Weak decline and tendency to rise
- MA; Above 200 & 100 and tested MA 50 & 20 several times

Also, smaller time frames show the price in a range

And in different time frames, there is no divergence that is the reason for the change in the price trend

Therefore, I expect an uptrend

My target 1 : 1.0746
My target 2 : 1.0787
*** Of course, I am waiting for the start of the trading day and getting confirmation

"Be profitable"

Thank you for expressing your opinion with likes and comments

Trade aktif

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