Feb 21, 2012 – There are many different patterns that traders follow to help time entries and exits. The flag pattern is one that tends to catch my interest when I find it because they can provide explosive moves. The AUDCAD appears to be in the middle of a potential bull flag pattern. Today, we will look at how to identify …

Aug 15, 2012 – Technicalysis allows for the study of a variety of different trading patterns to.ist traders timing their entries and exits. One of the most useful patterns in a trending market environment is used to spot continuations in price. Today we will look at identifying and trading the bear flag pattern in an …

Flags and pennants are continuation patterns. They are traded in the same way, but each has a slightly different shape. The terms flag and pennant are often used interchangeably. A flag or pennant pattern forms when the price rallies sharply, then moves sideways or slightly to the downside. This sideways movement …

Dec 13, 2016 – Trends appear in forex charts at all scales and so do flag-like patterns. In this post we'll examine how to trade both the bullish and bearish configurations. As with other technical patterns, identifying flags is a subjective effort. It's sometimes more of an art than a science. However, there are objective charting …

Aug 16, 2016 – A flag pattern is a trend continuation pattern, appropriately named after it's visual similarity to a flag on a flagpole. A “flag” is composed of an explosive strong price move that forms the flagpole, followed by an orderly and diagonally symmetrical pullback, which forms the flag. When the trendline resistance …

Oct 27, 2016 – Trading the Flag Chart Pattern. Enter a trade when the prices break above or below the upper or lower trendline of the flag. A stop loss is set just outside the flag on the opposite side of the breakout. For the stock market, "just outside" is $0.01 or $0.02, in the forex market, one or two pips, in the futures …