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USDCHF Bullish Flag Breakout and Gartley Pattern

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

Active/Pending: Active

Trade: Long

Entry: 0.97690

Stop Loss: 0.97500

TP1: 0.97920

TP2: 0.98100

TP 3:

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.



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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

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