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Monday, 05 January 2009 18:04 |
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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.  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.

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Last Updated on Monday, 05 January 2009 18:07 |