Day: March 17, 2013

Bullish Flag (Sort of) on CAD/JPY

A less traded currency pair is now showing a bullish flag Forex pattern on its 4-hour chart. You could draw it either from March 7 (normal pole) or from February 25 (a pretty stretched pole). The flag part, which is actually an ascending channel of its own, lasts since March 8. One trading week is a good time period for 4-hour flag pattern to mature, in my opinion. […]