Trade idea: audusd sellstop 1hr
We are in and good trend on this pair I suppose we are going to continue this trend we are creating bearflag once we break through there we can smoothly start trading down.
WHAT IS A BEAR FLAG.
A bear flag is a technical pattern that provides an extension/continuation to an existing downward trend. The bear flag formation is underlined from an initial strong directional move down, followed by a consolidation channel in an upwards direction.
We are in and good trend on this pair I suppose we are going to continue this trend we are creating bearflag once we break through there we can smoothly start trading down.
WHAT IS A BEAR FLAG.
A bear flag is a technical pattern that provides an extension/continuation to an existing downward trend. The bear flag formation is underlined from an initial strong directional move down, followed by a consolidation channel in an upwards direction.