This chart of the British Pound and Australian Dollar shows flag forming . This structure could mean two things:
1) A really profitable sell setup, which may go down and give a slight touch to the support line.
2) A long market correction and an up-trend motion.
I am looking forward for the first option, as it will give us two big trades that I will post shortly in the long-term revision of this pair.
Hope it is useful and trade with care!
1) A really profitable sell setup, which may go down and give a slight touch to the support line.
2) A long market correction and an up-trend motion.
I am looking forward for the first option, as it will give us two big trades that I will post shortly in the long-term revision of this pair.
Hope it is useful and trade with care!
