EUR/KRW Weekly Bullish Flag Pattern – Targeting the Pink Zone'm observing a bullish flag pattern forming on the weekly chart of EUR/KRW. This continuation pattern indicates the potential for an upward move. The price has consolidated within the flag, and I anticipate a breakout to the upside.
Target: My target is in the pink zone, which I've identified as a key resistance area. I believe this is where the price could move next based on historical price action .
Strategy: If the price reaches the pink zone, it may be a good time to reduce long positions and secure profits. I'll continue monitoring for signs of a breakout and further confirmation of this bullish trend.
Always remember to manage risk and adjust your positions accordingly.
