bearish flat pattern and potential reversal zone on eurusd

hey traders,
I want to share with you my thoughts concerning eurusd pair.
As the market reached 1.1302 level we see steady buying pressure that
pushes the market upwards violating the previous level of structure 1.142.
As the market violated this level I would prefer to wait until it hits the orange zone 1.151 - 1.154
Looking left we see two decent structure levels + adding some fibs to the chart we can strictly
mark our potential reversal zone.
+
one more thing.
As the buying pressure pushes the market up, we can see nice bearish flag pattern.
Bearish breakout of it and close below its support will be great selling signal for us!

stops go at least above 1.1628

Good luck!

Kommentera:

zone is reached

Kommentera:

exceeded the zone