bandile24

Trend continuation ( Triangle)

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OANDA:EURZAR   EUR/ZAR
Trend continuation 30 time frame. after being in a bearish trend (the pole of the flag) moves into the bullish parallel channel. The current price is at the middle of the channel. Two possibilies are here; The bearish flag pattern will come into play and price will drop sharply if it breaks down the channel. However the breaking above will result in bullish continuation and one can enter.

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