Cruoso4u

Flag Breakout Trading Strategy

MMTC (NSE:MMTC)  
NSE:MMTC   MMTC
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?
Ans-
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.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.