Get started

Flag

GBPUSD Update: Potential Bearish Flag Trading Setup IdentifiedTrade Setup: - Entry: Sell at retest of trendline - Target: Extended towards Bullish Butterfly Pattern completion zone - Trade Management: Utilizing upsize trade strategy Analysis: While many analysts see consolidation, I've identified a potential Bearish Flag trading setup on GBPUSD. The series of lower highs on the 4-hourly chart indicates a possible continuation of the bearish trend. I'm waiting for a retest on the trendline to execute a short position on GBPUSD. Using my trade management system, I plan to implement an upsize trade strategy to extend the target towards the completion zone of the Bullish Butterfly Pattern. Trade Management: - Upsize Trades: Leveraging trade management system for increased position size. - Entry: Selling at the retest of the trendline. - Targets: Extending targets towards the completion zone of the Bullish Butterfly Pattern. Risk Management: - Prioritize risk management to safeguard capital. - Adjust position sizes according to risk tolerance and trading strategy. Your Thoughts? Do you also see potential for a Bearish Flag setup on GBPUSD? Share your insights and trading strategies in the comments below! 👍 Like if you found this update helpful! Remember to conduct your own analysis before making any trading decisions. Trading involves risk.
Short
by RaynLim
Triangle pattern on AVANTIFEEDBeautiful triangle pattern formed on Avantifeed on weekly timeframe with multiple support and resistance tested. On the weekly breakout candle there were some selling during end of the week so signifies some profit booking and sell pressure. However for the last two months it has been consolidating forming a Flag pattern on daily chart. Price is currently trading near long-term support. Could be ultra low risk entry given the long term reward. Look at the daily chart Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Please consult your financial advisor before trading in any of financial instrument. Above information is just my view and is meant for educational purpose only.
NSE:AVANTIFEEDLong
by digijagan
1
Kalyan Jewellers Potential 35% bullish move A flag pattern has been formed with a 76% flag pole. A potential flag pattern breakout could occur in the near future if the stock continues to maintain the current bullish momentum. Recently the stock has been moving in a zone of support and resistance, and a strong breakout through this zone has also just occurred. This breakout likely occurred due to an order block on 20th march at 366. There have been many volume imbalances formed as well which could likely have assisted in pushing price up. A bullish F.V.G has formed at around 416, price could retrace to this F.V.G and cause a decent move to the upside confirming the flag pattern breakout. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.
NSE:KALYANKJILLong
by shayaanthewise
US500 Flag broken with strong bullish candle US500 it's been rising since late October. March 20, after a strong candle without a lower shadow, the RSI started showing us an extreme level of overbought signal, and US500 price made a flag pattern. Today after the RSI being again in the middle level made again a similar candle almost without a lower wick, broking the flag. With this, we can see again the RSI below the extreme zone, but above the middle one, following by today's candle that shows strong emotions testing the resitance
CAPITALCOM:US500Long
by AFCapital21
1
Breakout into 155% measured move?OTC:GLATF TSX:GLO 's counter trend downward broadening wedge is testing its breakout. Fundamentally, the coup in Niger has kept this near term #uranium producer back, but it's time to catch up. We're looking at a 155% measured move based on the bottom of the wedge to the top. The time frame here is generated via the falling wedge's staff overlayed at the point of breakout. This projects into 2025 which will likely coincide with some of the first pounds produced or reported. This move has potential to be far more violent and sudden given how much this one has lagged and with consideration to being one of the few near term producers. So long as the geopolitical issues relax (ECOWAS is rumored to be relaxing sanctions), we're looking good.
OTC:GLATFLong
by Kerrald