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 …

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 …

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 …

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 9, 2017 – At Trading Strategy Guides we really love the idea of having different chart patterns, whether is advance price patterns or simpler ones that pretty much everyone has heard of like what we're going to talk in this article namely the bullish flag pattern. The bullish flag pattern itself is essentially just a …

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 …