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Flag Pattern in Stock Market - Forex Mkt Explained with Chart

Posted By On 6/11/2009 09:27:00 PM Under ,
Flag pattern is a reliable pattern and one must be able to visualise the pattern to be able to make money out of it. The blow chart is a chart from Forex market and is showing Dollar/Yen pair which has now formed a flag pattern and it means that this pair can move to the next resistance level. The key is to understand and correctly identify this pattern.


One can read further about Pennant and Flags in stock market and Forex market to become an expert in identifying this pattern.
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