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Peter4500
Oct 9, 2017 10:12 AM

Bearish Flag formation! Short

U.S. Dollar / Swiss FrancFOREX.com

Description

We have a bearish Flag formation, please wait for a clear breakout to the downside, which means always wait for a close of the Candle! do not execute in a Candle session alsways wait for its close! We should then see the market falling down to the end of the Blue error.

STOPS:
Plase your stopls like on the left side of the Chart, just in this case above the previous highs, because we are expecting a move to the downside!

TAKE PROFIT:
Again, the finally area for our last Take Profit is in the area where the blue arrow ends. Nevertheless I highly reccomend to take a part of your profits, when market moved halfway in your favor direction!

Order cancelled

market broke the channel to the upside no flag formation anymore!
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