Flag Pattern looks to be breaking - 15min - Short

Jun 20, 2017

Looks like the flag pattern has been violated on 15m chart. Looking to go short here.

1 Position: Stop Loss: 25 pips , Take Profit: 57 pips

Jun 20, 2017

Trade active

Jun 20, 2017

Note

Here is the 1 hour chart:

Jun 21, 2017

Trade closed manually

I was expecting a quick drop towards previous trend line. As time goes on the trend line appears to be closing in around the current position of the price and am expecting a bounce up soon and may go long next.

I exited the position with about 5 pips profit.