Flag pattern breakout trade - 50 pips profit

>> Mar 31, 2011



The trend is up. We have a Strong trend - shown by all the moving average lines running parallel to each other. Wait for prices to retrace or correct.

What price pattern is formed? Yes, its a flag. At the right time when we are sure prices have broken up, open a long trade.

Easy for 50 pips profit. Ha Ha

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