Bullish Flag Breakout - Continuation Pattern - RR Ratio 1: 4.6
Updated
Long sbin Above 288
stop-loss - 279.75
Target 324.70
Risk 2.78 % & Reward 12.84%
RR Ratio - 1: 4.62
Continuation Pattern
Bullish Flag
Bullish Flag chart pattern represents consolidation. This means that it occurs after a large movement in price. As such it’s also a continuation pattern, which means that the market is likely to continue in the same direction once the pattern gives a breakout.
stop-loss - 279.75
Target 324.70
Risk 2.78 % & Reward 12.84%
RR Ratio - 1: 4.62
Continuation Pattern
Bullish Flag
Bullish Flag chart pattern represents consolidation. This means that it occurs after a large movement in price. As such it’s also a continuation pattern, which means that the market is likely to continue in the same direction once the pattern gives a breakout.
Trade active
Trade closed: stop reached
Our Stop was 279.75 Price Made a lot of 279.60 and bounced back to 286.But it's a stop-loss because in real trading we must place stop orders in the system as decided.
Related publications
Disclaimer
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.