TRENDLINE FORMATIONS

You can see i drew them as the price reached a high and then started to form the flag formation many of us know of. So when the price breaks either above the top TL or below the bottom TL you look for a retest to that line and enter in the direction of the break of the line. Here the entry was to short. i did not trade this as London was closing but you get these EXACT setups every single week so just recognize them, draw a little trendline and wait for you entry. Also notice the price went directly to the 50sma yellow line. Hummm sounds like the cash register is ringing to me...