![]() Prices consolidated in a gently downward sloping channel (blue). ![]() The previous uptrend (flag pole) is noted in black. The AUD/CAD is no stranger to the flag pattern. Hence, traders have a fundamental back drop to support the technical picture for additional strength in AUD. As a result, the AUD performed well against most other currencies in part because it offers a higher rate of return owing to its interest rate. The following trading example shows the bull flag on a forex chart.Īs shown by the bull flag chart pattern above, traders have been buying risk through commodities, the stock market, and risk-based currencies.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |