FX:AUDUSD   Australian Dollar/U.S. Dollar
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AUDUSD-Bull Flag

Bull FlagBull Flag Pattern

The bull flag pattern is found within an uptrend.
This pattern is named for the resemblance of a flag on a pole.
The bull flag is a continuation pattern which only slightly retraces the advance preceding it.
The technical buy point is when price penetrates the upper trend line of the flag area, ideally on volume expansion.
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