Wednesday, August 3, 2011
Eur/Usd : Flag or Trap?
There are a lot of possibilities at the moment. Price is in a small downward channel, which could also be a flag in a bullish flag pattern. The problem is that when price breaks out of this possible flag it could be a bull trap as it could be a wave X as shown in the chart. Then again, this wave X could be complete allready.
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