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Flag

A flag can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a strong trending move that can contain gaps (this move is known as the mast or pole of the flag) where the flag represents a relatively short period of indecision. The pattern usually forms at the midpoint of a full swing and consolidates the prior move. Price is contained by 2 parallel trend lines that lie close together and are sloped against the mast.

Bullish flags can form after an uptrend, bearish flags can form after a downtrend. The pattern has completed when price breaks out of the containing trend lines in the direction of the prevailing trend, at which point it will likely continue its course. Conservative traders may look for additional confirmation of the trend continuing. The target can be estimated through the technique of measuring the length of the mast and extending it in the direction of the breakout. A common stop level is just outside the flag on the opposite side of the breakout.
Quadricolor Quadricolor GBPUSD, D, Long ,
GBPUSD: GBPUSD Daily Long, bullish Flag formation and MA 200 bullish
177 0 7
GBPUSD, D Long
GBPUSD Daily Long, bullish Flag formation and MA 200 bullish

There is a bullish flag formation, supported by the price above a bullish 200 MA and a break of the rising trend channel. This is all supportive of an upward price move. The risk reward ratio is at 9:1 with stop loss just under the lower channel of the flag. I don't see GBP strength against the USD, rather USD weakness against the GBP (see DXY). Trend is up, the ...

zippy1day zippy1day TOP BTCUSD, 120, Long ,
BTCUSD: BTC Tight Flag
184 0 4
BTCUSD, 120 Long
BTC Tight Flag

Nice bullish flag with targets as per chart! http://thepatternsite.com/flags.html

scotchneat scotchneat USDCHF, 15, Long ,
USDCHF: Another early shout on bullish falling flag
17 0 2
USDCHF, 15 Long
Another early shout on bullish falling flag

Perhaps a bit premature still, but this setup has been cropping up a lot for me. 3 bounces off each channel, with the last one breaking out towards the 1.618 retracement of the final leg.

Roker1 Roker1 TOP CHFJPY, 60, Long ,
CHFJPY: What's going to happen here? CHFJPY Videoanalysis
122 2 3
CHFJPY, 60 Long
What's going to happen here? CHFJPY Videoanalysis

Hey guys, in front of you you can see two charts, and that's because i wanted to give you a better perspective on how i look at the markets. As you can see on the left (daily timeframe) price has recently broken and closed above multiple resistance levels, which is an indication of a long bias. Therefore our mindset is now on "buy opportunities" and we can take a ...

ChEtg ChEtg USDCAD, 60, Short ,
USDCAD: USDCAD - Current Bear Flag - Awaiting Breakout
36 0 3
USDCAD, 60 Short
USDCAD - Current Bear Flag - Awaiting Breakout

USDCAD is currently in a huge Bearish Trend, and has been very sensitive in light of the goings on with North Korea and potential war outbreak. CAD has seen huge strength the last 6-8 weeks on the back of the Hawkish Tone set by the BOC and the fact they have raised interest rates. With many economists looking at 1.22 and 1.20 as potential downside targets, USD ...

Roker1 Roker1 TOP GBPUSD, 60, Long ,
GBPUSD: Flag Pattern on GBPUSD
124 0 5
GBPUSD, 60 Long
Flag Pattern on GBPUSD

Hey guys, this is the 4hr chart on GBPUSD. I'm looking at this because i think there could be potential for upside: we've just bounced from 1,28 (a daily structure) and in doing so price broker and closed above an intraday resistance (purple line). The next daily structure comes at roughly 1,3023 and therefore i'm expecting to see a continuation till we reach that ...

ChEtg ChEtg CADJPY, D, Short ,
CADJPY: CADJPY - Awaiting Close below Bear Flag Formed
26 0 2
CADJPY, D Short
CADJPY - Awaiting Close below Bear Flag Formed

The Charts are showing plenty on technical supporting further downside to the CADJPY pair. It has been held down on the 50% Fib retracement tool a number of days on the daily close. It is currently in a bear flag and using the bottom of it for support. Price Action is also showing signs off stronger rejection from the Strong resistance at 88.00. I will await a ...

Roker1 Roker1 TOP GBPJPY, 60, Short ,
GBPJPY: Flag Pattern on GBPJPY
107 0 6
GBPJPY, 60 Short
Flag Pattern on GBPJPY

Hi guys, i do not usually share this kind of setup but i've thought it could be helpful to some of you. On this chart you can see a flag pattern that's been setting up on the hourly timeframe. This happened after that a support was broken by price action, creating the conditions of a downtrend: we cuold, as usual, wait to see price coming up to retest our broken ...

IkeOkeke IkeOkeke PRO EURAUD, 60, Long ,
EURAUD: EUR/AUD short term long!
27 0 3
EURAUD, 60 Long
EUR/AUD short term long!

Good Morning Traders, EUR/AUD short term upside trade! I will be buying this pair to the swing high as the pair is still in a bigger correction with potential for a big move to the downside. My target is 1.49042, and I have quite a conservative stop at 1.48087 Good luck and trade with discipline and effective risk management! Ike

Roker1 Roker1 TOP GBPNZD, 30, Short ,
GBPNZD: Flag Pattern on GBPNZD
76 0 7
GBPNZD, 30 Short
Flag Pattern on GBPNZD

Hi guys, here's a simple pattern technique that's very powerful if used correctly: a flag pattern. On GBPNZD we've recently created a new low, by breaking and closing below the black line. This make me want to short this market, and therefore the next potentially selling place would be the support that's been broken. In this case, as soon as we've touched it, ...

Evan_Moe_Money Evan_Moe_Money MOD RIB, 60, Long ,
RIB: Ladys and gentlemen, fasten your seat belts for the breakout
46 0 2
RIB, 60 Long
Ladys and gentlemen, fasten your seat belts for the breakout

I love this setup! We have lower highs over a good time period, and a strong support. So... what will happen? I guess, as the support and the resistance had been tested multiple times already, there is a guaranteed breakout. And since we are in a uptrend, I believe it will rocket away. Sky is the limit. So what about NASA? I will enter a long position, as soon ...

ChEtg ChEtg GBPJPY, 30, Short ,
GBPJPY: GBP JPY broken out from a Flag - expecting short term bearish mo
39 0 1
GBPJPY, 30 Short
GBP JPY broken out from a Flag - expecting short term bearish mo

GBP and JPY both saw some gains last week, JPY based on the Dollar weakness from inflation data on Friday. It has been consolidating in a range as above since the large move up. Forming a Flag, Now we have seen a break and close below. Myself and clients have been in this before the Break, as we expected a breakthrough, as the GBP was overbought back end of ...

Foxinlondon Foxinlondon USDCHF, 240, Short ,
USDCHF: USD/CHF H4
8 0 0
USDCHF, 240 Short
USD/CHF H4

Bullish above 0.97 Bearish below 0.96 Personally I am waiting for shorting opportunity, as DXY is bearish at the moment, also it looks like bearish flag formation on usd/chf.

theopportunist_trader theopportunist_trader LTCBTC, 60, Long ,
LTCBTC: Flag Pattern
79 0 2
LTCBTC, 60 Long
Flag Pattern

The asset has also provided a flag pattern and now is in a flag pattern again, the 100 MA will provide support the price, and the Coppock curve is a in a triangle pattern and it will most likely breakout upwards to be positive. Also, this is backed by the volume decreasing showing a breakout is Imminent.

theopportunist_trader theopportunist_trader GBPUSD, D, Short ,
GBPUSD: Pound swing trade
55 0 1
GBPUSD, D Short
Pound swing trade

The pound seems to be in a very large flag pattern, but a mini triangle pattern, so this brings about the perfect swing trade,the 200 MA will provide resistance and so thats the stop-loss, but the short is when the Pound drops below the 100 MA till the lower support trendline.

AAPL: Apple long-term Buy
47 0 1
AAPL, D
Apple long-term Buy

I bought AAPL when my market order was filled at 119.00, because it had exploded out of a short-term flag pattern and long-term cup and handle, and I'm going to keep my position till September on the announcement of the iPhone 8, but I would look out for the Coppock curve forming an ascending triangle meaning there could be a deceasing in price in the few months.

theopportunist_trader theopportunist_trader XAUUSD, D, Short ,
XAUUSD: Gold?
61 1 4
XAUUSD, D Short
Gold?

Gold sees to be forming a Flag pattern or a double bottom, but my bets are on flag pattern as volume seems to be decreasing, also, the 100 Moving Average is providing support while the 200 Moving Average is providing resistance.So, short for now.

wstipp18 wstipp18 USDJPY, 60, Short ,
USDJPY: USDJPY Forecast - Elliott Wave + Flag Breakout + Head&Shoulders
275 5 8
USDJPY, 60 Short
USDJPY Forecast - Elliott Wave + Flag Breakout + Head&Shoulders

There are some incredibly tasty trading opportunities on USDJPY this week. I've combined my ideas of the flag breakout with my basic knowledge of Elliott Wave Theory, which give me a bearish sentiment for this week. Additionally, we have just broken through the neckline of the head&shoulders pattern and have just retraced to test it. My stop loss is tight above ...

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