Breakout of the flag.
The flag formation is very clearly visible on the M30 in a strong bull market on D1. The flag was broken on Friday. The question arises whether we will be able to open a transaction on Monday at a good price, or whether the price will fly too quickly northward.
If it is possible to enter approximately as marked on the chart, there is a chance for an R:R of 1:1.3.
This is small, as there is concern about a reaction at the resistance level marked with a white line. This is a level marked on the D1 chart.
If it is possible to enter approximately as marked on the chart, there is a chance for an R:R of 1:1.3.
This is small, as there is concern about a reaction at the resistance level marked with a white line. This is a level marked on the D1 chart.
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