Real-time pattern trading is the easiest way to find entry and exit prices if you can scan hundreds of FOREXs within minutes. It is definitely impossible for humans. Artificial Intelligence (A.I.) not only discovers these patterns, but also checks if they worked out well in the past. Knowing the success rate in the past allows A.I. to establish the odds of success in the future.
The Rising Flag (or Bullish Flag) pattern looks like a flag with a mast. It forms when rising prices experience a consolidation period, and the price moves within a narrow range defined by the parallel lines through points (2, 4) and (3, 5). After the consolidation, the previous trend resumes.
This type of formation happens when the price of a security is expected to move in a rising trend line, but some volatility along the way creates a consolidation period.
Trade idea
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying the security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price by adding the initial rise between points 1 and 2 to the breakout price.
The breakout price level for the Bullish Flag pattern is the last point touching the top line (point 4). When trading, wait for the confirmation move, which is when the price rises above the Breakout level.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Time frames No matter your trading strategy (day trading, swing, etc), we have patterns that will be ready to trade.
RUBUSD - Russia Ruble - United States Dollar
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 64% |
| TARGET (EXIT) PRICE | 0.013850 USD |
| BREAKOUT (ENTRY) PRICE | 0.013490 USD |
| DISTANCE TO TARGET PRICE | 1.76% (24.0 pips) |
| EMERGED ON | Jan 12, closing price |
| WITH CONFIDENCE LEVEL | 0% |
RUBUSD - Russia Ruble - United States Dollar
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 64% |
| TARGET (EXIT) PRICE | 50.013850 USD |
| BREAKOUT (ENTRY) PRICE | 0.013490 USD |
| DISTANCE TO TARGET PRICE | 1.76% (24.0 pips) |
| EMERGED ON | Jan 12, closing price |
| WITH CONFIDENCE LEVEL | 0% |
RUBUSD - Russia Ruble - United States Dollar
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 63% |
| TARGET (EXIT) PRICE | 0.013850 USD |
| BREAKOUT (ENTRY) PRICE | 0.013490 USD |
| DISTANCE TO TARGET PRICE | 1.76% (24.0 pips) |
| EMERGED ON | Jan 08, closing price |
| WITH CONFIDENCE LEVEL | 0% |
RUBUSD - Russia Ruble - United States Dollar
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 63% |
| TARGET (EXIT) PRICE | 0.013850 USD |
| BREAKOUT (ENTRY) PRICE | 0.013490 USD |
| DISTANCE TO TARGET PRICE | 1.76% (24.0 pips) |
| EMERGED ON | Jan 08, closing price |
| WITH CONFIDENCE LEVEL | 0% |
NZDCHF - New Zealand Dollar - Switzerland Franc
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 51% |
| TARGET (EXIT) PRICE | 0.638790 CHF |
| BREAKOUT (ENTRY) PRICE | 0.615660 CHF |
| DISTANCE TO TARGET PRICE | Target reached |
| EMERGED ON | Oct 05, closing price |
| WITH CONFIDENCE LEVEL | 0% |
