The Security has formed a Flag And Pole Pattern.

A Flag and Pole is a continuation pattern.

The Security is trading positive and a small retracement is seen on the downside. A breakout is expected to be on the upside.

The Security breaking upside will be an opportunity to enter long in the pair.

Currently, the Security is trading near the EMA's price and needs to trade above the EMA's during a breakout on the upside to confirm a strong upward move.

Advice: Trade as per breakout, expecting breakout on the Upside

FLAG AND POLE

Jul 27 2023