GM everybody.
Possible bullish flag on 30min tf. The bears are still strong, notice the descending channel. When price will meet the descending channels tl the fight between bulls and bears will start, so lets wait and see which side will win. Aither way the accending channels tl's are in play right now. If its really a flag, then breakout should be around 70-80 pips and the UTL of accending channel is my target, if flag fails then the price should go to the LTL and might bounce or break. Lets what and see what Frankie boys have for us. TWT
ps. as i type it might be breaking downside, looks like the bears are still strong, BUT lets wait and see!
Cheers
Possible bullish flag on 30min tf. The bears are still strong, notice the descending channel. When price will meet the descending channels tl the fight between bulls and bears will start, so lets wait and see which side will win. Aither way the accending channels tl's are in play right now. If its really a flag, then breakout should be around 70-80 pips and the UTL of accending channel is my target, if flag fails then the price should go to the LTL and might bounce or break. Lets what and see what Frankie boys have for us. TWT
ps. as i type it might be breaking downside, looks like the bears are still strong, BUT lets wait and see!
Cheers