Flag Breakout Trading Strategy

Hey guys!
This is for learning how to trade flag patterns,
That I've tried to show in this chart.

Q.Why should we trade this pattern?
1)This is the most common pattern found. This pattern can be found in every stock,commodity, forex pairs & crypto.
2) Easy to identify.
3) Win rate is extremely high( 70% and above)
4) Risk reward is very high as well.

Q. When to enter?
Ans- After breakout of the trend line.

Q. Where should I put my SL?
Ans- Below the support.

Q. What should be the target?
Ans-In weekly time frame 1:2 is easily expected.

Guys if you have any questions regarding this, you can write me.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.