Swiss Franc / Japanese YenUpdated Flag Chart Formation
This a a flag chart formation, we are currently awaiting either a breakout which will then mean we place a buy, this will the be a continuation chart pattern if it breaks out of the consolidation. Should it rather fail to break out of the consolidation and reverse we will place a sell with a TP at the bottom of the consolidation and further observe whether it'll break out for us to place a sell order or it'll again reverse for us to place a buy order and further observe the behavior
Note
Failed to break resistance, place sell order
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.