lilybahari

Low and Tight Flag Tutorial #GBPCAD $GBPCAD

Education
TF 30 Mins.

This is an example of Bearish Flag . It happens very recently.

The consolidation is very tight.

Retracement is just less than 25%. Not so deep.

This is called as 'Low and Tight Flag'. If this is bullish flag, we called it as High and Tight Bullish Flag.

This pattern is where you can grow your account largely (with risk-calculated).

The size of TP is the size of Pole 1.

Your kind comment/ thumbs up/ a follow are appreciated in advance. :)
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.