XAGUSD 4H. Bear Flag. Trendline retest incoming ? Still short.
A good & neat example of a bear flag here on the 4 hourly, I think this may play out further to the downside. My target is around 24:50 which will conveniently & neatly confirm the dotted trend line shown as a future potential in my previously published daily chart. My immediate sentiment is short but I am aware this is still all within a bigger potential ascending triangle, the top of which is the horizontal labelled 'B'. Wit this in mind, I will pay careful attention to see if price action takes us back over the earlier trend line marked 'A'.
Summary: Holding short for now, but if this starts to look like it could complete the ascending triangle pattern with some good impulse candles then this will change my bias.
I only trade small sums and I pay particular attention to risk and reward strategies. Attention to risk is critical to successful trading.
If you got this far: Thanks for looking!
Summary: Holding short for now, but if this starts to look like it could complete the ascending triangle pattern with some good impulse candles then this will change my bias.
I only trade small sums and I pay particular attention to risk and reward strategies. Attention to risk is critical to successful trading.
If you got this far: Thanks for looking!
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