On the 4h chart the falling flag is still in play as the pair tests the floor of the T1 channel.
The pair has moved outside the downward T1 channel and reversal pattern(Double bottom, H&S) or candle stick(pin bar, Doji) should be spotted before trading this pair.
Its a move against the prevailing trend so confirmation of the reversal pattern/candlestick is important before trading.
NB: Always apply risk management when trading.
The pair has moved outside the downward T1 channel and reversal pattern(Double bottom, H&S) or candle stick(pin bar, Doji) should be spotted before trading this pair.
Its a move against the prevailing trend so confirmation of the reversal pattern/candlestick is important before trading.
NB: Always apply risk management when trading.