AUDJPY-1HR-TF- BEARISH FLAG

27 Mar 2023

The bearish flag is a candlestick chart pattern that signals the extension of the downtrend once the temporary pause is finished. As a continuation pattern, the bear flag helps sellers to push the price action further lower. No sign of divergence so, we can easily rely on bull flag continuation pattren. Dow theory and reversal pattren will not play their role.

SELL STOP VALUES:

EP: 86.596
SL: 87.398

TP1 = 85.794
TP2 = 84.992

RISK @ 2%
Sizing: 0.15 Lots