I like to see flag patterns as a bullish continuation pattern, since its already following an up trend. I mean if at this point of time, the price retraced with little to no momentum, then surely you should go long ?
Forex_Society
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@ZilchTheNada, waiting for 1311 entro or the ideal would be 12100 to enter a buy,where price is right now at 14 i wouldnt enter
ZilchTheNada
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@Forex_Society, Perhaps we might see a bearish reversal pattern reaching 0.13, but usually an ascending triangle pattern is likely to perform a breakout to the up side instead of a breakout to the down side.
Let's see how the market performs on this one.
Good luck ;)
Forex_Society
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@ZilchTheNada, good luck brother.. i dont see a bearish pattern until it break the 3 daily parabolic TL's