The PAir has formed a Flag And Pole Pattern.

A Flag and Pole  is a continuation pattern.

The Index is trading negative and a small retracement is seen. A breakout is expected to be on the downside.

The pair breaking downside will be an opportunity to enter short in the pair.

Currently the pair is trading below the 50day EMA price need to trade below both the EMA's during a breakout on the downside to confirm strong downward move.

Advice : Trade as per breakout, expecting breakout on the Downside.

FLAG AND POLE

Jul 21 2022