EURZAR | Bearish Flag
EURZAR 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 long
Trade your levels accordingly.
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 long
Trade your levels accordingly.
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