on the way to 143.00???

One of my favorite pattern; a classic bearish flag pattern; had formed on the hourly chart. This pattern is usually a strong indication that more sellers will jump on the bandwagon and pull the beast downwards.

The pole height of 280 pips should be a reasonable target projection for those who sell on the break of the flag, Let us see whether the beast could hit 143,00 or not.

Below is the hourly chart as of 9.30 am Malaysia.


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