Textbook inside day setup with bull flag entry at R1. Bread and Butter day trade. Note R1 exactly at inside day high.
Study – BblBhp – I looked back to find a similar day in BblBhp120. The first chart is from 9/14/12. Note:
1. On 4-minute chart the pair never broke a swing low the entire day
2. At the max, the pair was up ~1.25, or 1.18 on 1-minute chart (not shown)
3. The pair maxed out at ~9:30 pst
If today does the same the pair would max out at 7.45~ at 9:30: