VasilyTrader

bullish flag pattern and trend continuation

Long
VasilyTrader Mis à jour   
FX:XAUUSD   Or / Dollar Américain
hello traders,
great sentiment on gold.
bearish flag pattern formation that you see on this chart is a perfect opportunity to follow up trend.
after each bullish wave occuring on markets on a daily bases it is essential for the market to be in correction afterwards.
on gold, market is continuing establishing new highs so bullish flag in a great example of trend following pattern.
buying signal for us is a bullish breakout of flag's resistance.
stop always goes below lowest point of flag.
target is based on length of flag pole
Commentaire:
Attempt to go lower
Commentaire:
back to the channel
Commentaire:
Still in the channel
Commentaire:
attempt to break
Commentaire:
market is going up

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