CHART PATTERN: BULLISH FLAG AND FIBONACCI RETRACEMENT-EXPANSION CLUSTER TO BULL EURUSD HIGHER

I had shorted this pair: The entry was with precision; and I had set my target at a much lower low; but as market environment metamorphosed, I too changed with it.

There is indication of a strong support at the point where Fibonacci cluster (region covered by orange lines), descending channel and trend line converged.

I intend to go long as soon as a reversal forms at the confluence; hence, I tightened my target.

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About Moshow

Oseni Moshood ( Moshow) is a physicist, a blogger and a spot trader with years of experience. He trades only price actions partly because he thinks Economics is boring; or, probably because he failed Economics; and he loves fine artistic works.