Webinars

Free Registeration for:

Monday session
Wednesday session
Thursday session

ForeXecutor


Free ForeXecutor Demo Account

Flag Bullish Pattern PDF Print E-mail
Monday, 05 January 2009 18:04

Flag patterns can be either bearish or bullish depending on where it develops and how it breaks. IN the stock market you have either bullish continuation patterns or bearish continuation patters. In the Forex Market though, you need to look for a significant break to determine further moves.

forex daily chart

In the above example we have an uptrend with a flag developed as a small Retracement is seen. When we have a break of the flag channel, we can then begin to initiate a trade.


forex daily chart

Comments
Add New Search
+/-
Write comment
Name:
Email:
 
Website:
Title:
UBBCode:
[b] [i] [u] [url] [quote] [code] [img] 
 
 
:angry::0:confused::cheer:B):evil::silly::dry::lol::kiss::D:pinch:
:(:shock::X:side::):P:unsure::woohoo::huh::whistle:;):s
 
Please input the anti-spam code that you can read in the image.

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."

Last Updated on Monday, 05 January 2009 18:07