Posts Tagged ‘Flag’
Price action on AUD/USD (a 4-hour chart of which is shown) as of Friday (8/13/2010) morning has formed what could potentially be an inverted flag pattern, a consolidation/continuation pattern that often occurs in the midst of a bearish move like what AUD/USD has been experiencing for most of this week. For [...]
Price action on GBP/USD, a daily chart of which is shown, has consolidated in a flag-like (inverted) pattern after a period of steep bearishness within the past several weeks. This occurs within the context of an overall downtrend for the pair. The upper bounds of the inverted flag consolidation reside around the key 1.4500 resistance [...]
Price action on EUR/GBP, a daily chart of which is shown, has consolidated within a slightly bullish consolidation that has taken the form of an inverted flag pattern. This occurs within the context of a clear downtrend extending from a mid-March high, and after price broke down below a confluence of two different uptrend support [...]
By Russell Glaser – The USD/JPY appears to be ending a period of consolidation as the pair formed a bullish flag pattern on the daily chart. Below is a possible trade setup for the USD/JPY
The daily chart shows a sharp price appreciation in the pair beginning on March 24th and continued on [...]
Not all flag formations work out the way as planned. This really isn’t saying anything profound.
However, just as each flag formation has a break point where we know it is likely to continue in the direction of the flag pole it EQUALLY has an opposing break point where when its opposing break point is broken [...]
By Russell Glaser – The daily chart displays a bearish flag pattern has formed. This is a continuation pattern in what may be a larger move lower for the EUR/USD.
This flag pattern takes place in a well defined bearish channel that began at the start of the EUR/USD bearish streak in [...]
