GBP/USD 15-minute chart: Bull Flag
A bull flag on the GBP/USD 15-minute chart, bullish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Bull Flag (bullish)
- Entry 1.32446, stop 1.32384, target 1.32545
Full transcript
Hi everyone, today is October 12.
On the GBPUSD 15m chart, price just pushed above a small drift, and a bull flag confirmed today.
A bull flag is a sharp rally, then a shallow drift lower, confirmed when price breaks the upper rail of that drift.
Here, the rally is followed by a shallow pullback, and the upper rail sits at 1.32439.
Today's close above 1.32439 confirmed the pattern.
The measured target is 1.32545, and the invalidation level is 1.32384.
A close beyond 1.32384 cancels the pattern.
It is still in play, and neither level has been hit yet.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.