USDCHF Bullish Flag Breakout and Gartley Pattern
USDCHF completed the bullish flag breakout and printing a Cup&Handle pattern. A bearish Gartley would be completed at D. We will long the pair targeting D.
Our Trade Setup:
Pattern /Reason: Bullish Flag
Time Frame: M30
Accuracy of the Pattern: 73%
Setup No: USCH080801
Recommended Lot: 0.20
Trade Period: Scalping / Intraday
Stop Loss: 0.97500
Divergence/ Convergence Confirmation: Not Yet – Will be updated.
Candle Pattern Confirmation: Bullish Pinbar M30
Moving Average Confirmation: EMA50 resistance 0.97700
The trend of the Timeframe: Neutral
The trend in the Daily Chart: Bearish
Update: TP1 Reached. Move Stop Loss to entry.
VERIFIED ACCOUNT AND SETUP RESULTS
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
USDCHF Bullish Flag Pattern: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility