Forex Signals – EURUSD Surge Flag

Recap: We didn't take any EU trades Friday, as promised. Price continued to rally hard Friday after we closed out our long (which would have hit all targets for 80 pips had we stayed in) but we are content with the pips we did book.

The recent surge has created a bullish flag pattern and we will look to take advantage of that pattern by getting long on a resistance break.

Interesting fact: this is the first time we have been looking to trade the same direction for every pair (long on a resistance break). We anticipate that a strong USD move will push us one way or another, meaning half the setups don't get triggered but even if we have conflicting positions they will act as a hedge against each other.

Trading Idea: Long on a resistance break with a TP of 80 and a SL of 50.