If we look at daily chart (see chart below) the bullish flag keeps the bullish trend , and only invalidation of 1.1711 will cancel the bullish pattern . said that, the price is working support area , if you want to trade it, you can look at the harmonic structure (green) that might appear on H4 chart, it has the same flag pattern on daily chart target. This trade may fail, but it has a good risk/return (> 1:3) and a stop loss below invalidation point.
NOTE: High Risk Trade, use a small size.
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Thank you for support and trade with care!
Trade ist aktiv
STOP LOSS TO BREAKEVEN
Trade geschlossen: Ziel wurde erreicht:
Well, we have reached a first target, take part of profit and, if you do not know how to manage your long position, keep stop loss at breakeven for rest part.