bearish flag pattern and structure
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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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.