Trade idea.
EURRUB could be forming a flag on the daily chart. Currently, the pair is sitting around its 200 EMA. For now, we will sit back, relax and wait for a clear break through one of the highlighted areas before we examine a further directional move. If the pair breaks through the 74.00 zone and closes a daily candle above it, this might confirm a possible flag and the rate may accelerate further, as more buyers could be joining in.
Please see the chart for details.
Don't forget your stop-loss.
EURRUB could be forming a flag on the daily chart. Currently, the pair is sitting around its 200 EMA. For now, we will sit back, relax and wait for a clear break through one of the highlighted areas before we examine a further directional move. If the pair breaks through the 74.00 zone and closes a daily candle above it, this might confirm a possible flag and the rate may accelerate further, as more buyers could be joining in.
Please see the chart for details.
Don't forget your stop-loss.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.