Education post 18/100 – How to trade Bullish Flag Patterns?

British Pound / Australian Dollar (FX:GBPAUD)

FX:GBPAUD British Pound / Australian Dollar

trendanalysis harmonicpatterns chartpattern flag educationpost gsh groundstoneholdings

There are many different patterns that traders follow to help time entries and exits. The flag pattern is one that tends to catch my interest when I find it because they can provide explosive moves. The GBP/AUD appears to be in the middle of a potential bull flag pattern. Today, we will look at how to identify higher probability trading opportunities off the bull flag pattern.

The flag pattern is fairly simple with just three components.

The flag pole
The flag
A strong up trend

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