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Flags and pennants Forex Trading

Flags and pennants Forex Trading
Chart formation forex in flags and pennants have very similar characteristics , an element differentiates, however : the figure flag consists of two lines converge , while figure feather is constructed from two parallel lines whose slope goes against the trend in place , the flag looks down when it comes to an upward trend m and up the case of a downward trend forex market. The figure flag is more horizontal and more like a small symmetrical triangle.

the twwo chart formation forex trading in flags and pennatns take much less time to establish , they are usually established over a period of a week or two , they are affected by the same volume and measured using the same criteria, both represent a technical analysis tool invaluable for forex trader

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