bearish flag pattern and structure
Updated
good morning everyone,
on euro yen after a massive selloff from a recent market higher high 127.5
we see a steady market correction.
right now bulls are approaching a decent level of resistance
price is coiling in a rising parallel channel called flag pattern.
bearish violation of this rising channel is a very good trigger to sell the market,
anticipating a retest of the lower and further bearish continuation.
I will be waiting for a bearish violation of a flag pattern in a zone that I underlined on the chart,
I will update this idea when I will see a confirmed breakout!
good luck!
Note
market is entering a potential reversal zone
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