Price has hovered along the ascending channel creating a bear flag with a clear bottom and two tops.
Price moved up correctively and a position has been entered on the break in the same direction as the higher time frame (short, 15 pip stop).
First target to the bottom of the bear flag pattern for break even.
Second target to beginning of the ascending channel for +8%.
Price moved up correctively and a position has been entered on the break in the same direction as the higher time frame (short, 15 pip stop).
First target to the bottom of the bear flag pattern for break even.
Second target to beginning of the ascending channel for +8%.