Day: May 26, 2013

Another Strange Bullish Pennant

Although my previous pennant trade has not ended yet, I would not call it a success. That pattern was not a classical instance of a bullish pennant. Neither is today’s CHF/JPY formation on daily chart. The pennant’s pole is not too high compared to the previous price action, while the “flag” part is too long — almost two months. Nevertheless, I would qualify it is a valid potential bullish […]