EUR/USD 15-minute chart: Bull Flag
A bull flag on the EUR/USD 15-minute chart, bullish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Bull Flag (bullish)
- Entry 1.12230, stop 1.12092, target 1.12379
Full transcript
The euro is caught between two outcomes, and only one comes first.
October 19: the euro versus the dollar on the 15-minute timeframe confirmed a bull flag today.
The pattern is a sharp rally, followed by a shallow drift lower. That drift forms the flag, and the upper rail marks the line price had to clear.
Confirmation came when price closed above the upper rail at 1.12197.
From here, two levels decide it: the measured target at 1.12379 and the invalidation level at 1.12092.
It is still in play, and neither has been hit yet.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.