Clearly A flag is formed for a long entry
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as we can see a flag has been formed for a long entry provided that fib 38 is our range for a reversal, the previous low reversed on fib 38 as well, in general this pattern is similar to the historical 27/01/2017 performance
we have to two ways to enter either by watching the candle patter at fib 38 for example a hanging man candle, or wait for the break out of the candle in the upper side above the flag
please remember this is my personal idea of analyzing this chart any trades is in your own risk, put stop loss and trade with care.
we have to two ways to enter either by watching the candle patter at fib 38 for example a hanging man candle, or wait for the break out of the candle in the upper side above the flag
please remember this is my personal idea of analyzing this chart any trades is in your own risk, put stop loss and trade with care.
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