GBPRUB - Daily - Is this flagging out or what?
Trade Alert.
This pair is currently forming something from textbook, that is called a flag. Now, theoretically, we could see a move to the upside later on, once it breaks the flag's upper side. Certainly, for us to consider this potential move to the upside, we need to see the break first.
Alternatively, GBPRUB could really extend the flag, by dragging itself lower towards that upwards moving support line.
Potential good trade is building up, so don't forget your stops!
This pair is currently forming something from textbook, that is called a flag. Now, theoretically, we could see a move to the upside later on, once it breaks the flag's upper side. Certainly, for us to consider this potential move to the upside, we need to see the break first.
Alternatively, GBPRUB could really extend the flag, by dragging itself lower towards that upwards moving support line.
Potential good trade is building up, so don't forget your stops!