![]() ![]() Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. ![]() The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. FXCM will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.Īny opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. It's up to the trader to exercise judgment and solid rationale when employing a trading approach based upon flags.Īny opinions, news, research, analyses, prices, other information, or links to third-party sites are provided as general market commentary and do not constitute investment advice. Choppy, consolidating market phases often resemble a developing flag pattern and can provide a misleading picture of true market conditions. However, it is important to remember that market follow through and trend strength are often difficult things to measure. They're relatively easy to spot and useful in the consistent identification of trade entry and exit points. Retracement values of 38%, 50%, 62% and 78% are key areas that can be used to project future pricing movements using the completed flag as a reference point.įlags are some of the most widely recognised chart patterns among active traders. Fibonacci retracements are commonly used to measure how far price has moved against the initial trend.
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