Lovely flag has developed, I've done well out of these, working 70% of the time (see link below for more details on entry). We have some strength in the Aussie and weakness in the Kiwi, so this pattern signafies a continuation of that. The flag-pole length is our target, which happens to be the 61.5% fib level
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This pattern is now invalid, the flag has dropped below 50% fib. Will the trade continue on to the target, we shall weight and see.