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 1.12312, stop 1.12232, target 1.12385
Full transcript
The euro looks calm, but a key line just gave way.
October 20: the euro on the 15-minute chart confirmed a bull flag today.
A bull flag is a sharp rally, then a shallow drift lower.
On this chart, that drift sat under the upper rail of the flag at 1.12293, and a close above it confirmed the pattern.
The measured target is 1.12385, while the invalidation level is 1.12232, where a close beyond it cancels the pattern.
It is still in play, and neither the target nor the invalidation level 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.