The bull flag sample is a superb sample so as to add to a foreign exchange dealer’s technical arsenal. Explosive strikes are sometimes related to the bull flag. This text will have a look at greater chance foreign currency trading alternatives of the bull flag sample.
Study to commerce the bull flag sample: Principal speaking factors
- What’s a bull flag?
- Tips on how to determine a bullish flag on foreign exchange charts
- Bull flag buying and selling technique
- How dependable is the bull flag?
- Bull flag vs bear flag
What’s a bull flag?
A bull flag is a continuation sample that happens after a robust value transfer up as a short pause within the development. The bull flag chart sample appears to be like like a downward sloping parallelogram/rectangle denoted by two parallel trendlines towards the previous development.
Throughout this era of consolidation, quantity ought to dry in the course of the formation and proceed to push up on the breakout. The precise value formation of the bull flag resembles that of a flag on a pole therefore its namesake.
Bull flag sample: