Did anyone see the inverse flag pattern on the 4hour USDJPY

2015-08-22_09-35-47 Second Flag pattern 4hr

Flag patterns works on all time frames.

See how price action after the shape move downward   ( 3 Bears engulfing candles ). Price movement want from large price action to very tight price movement forming the flag . Pressure was building up and the price pop shapely downward  classic flag pattern price action.

Price can go both ways it just depends on the prevailing trend.

2015-08-22_09-29-46  revers up size down flag 4hr chat

One thought on “Inverse flag Pattern on USDJPY 4hour chart”

  1. Dimitar Ivanov says:

    Thanks for sharing it.

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