Friday, March 27, 2009

EURUSD Tringle & Unorthodox Bullish flag


........................ Hourly chart.
Weekly trendline Support -- I just experimented with geometrical symmetry fo find a pattern that looks tradeable.
This strange idea of a Bullish Flag /which is a continuation pattern/ is however spoiled by the spike in middle but I decided to observe if this pattern might produce a continuation as the classic one.



............4-hour chart.
weeklt Resistance Trendline has turned Support now..
The Symmetrical Triangle consolidation is trapped in the middle of the Horisontal Range Channel.. Possible target of an Upside break are 1.3650-80 area

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