Bullish Flag Breakout - Continuation Pattern - RR Ratio 1: 4.6
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.
But it's a stop-loss because in real trading we must place stop orders in the system as decided.
