Bear flag formation.Long opportunity around the corner.

The pair is currently on a long term uptrend to possibly the 1.50 mark. Its currently in a pull back bear formation. Wait for the bear flag to break above before entering long positions.

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Great move guys. Bear flag broke as predicted and kept going up. We should be optimistic now about the 1.50 price. All trades should have been entered after the bear flag trend-line was retested.