A quick look on the the four-hour chart for the EURUSD, where price has drawn repetitive flag patterns, flag patterns are very powerful "Trend Following" formations. Shorting the market on the completion of each of the past 5 flags could have resulted in good profits.
Remember, flags always occur in strongly trending markets, and hints the continuation of the prevailing trend.
Happy Trading :)
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Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
Remember, flags always occur in strongly trending markets, and hints the continuation of the prevailing trend.
Happy Trading :)
Join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician