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Bullish Flag Pattern.

9. Price Action Trading - Bullish Flag Pattern.


In order to book a profitable trade, we need to take few confirmations from market structure, SnR, Fib Levels, Psychological numbers. 


Step 1: Market is trying to give a upside move and while respecting fibonnaci 0.5 level.








Step 2: Market has created bullish flag pattern, which is a 



Step 3: As market opened gap up, then we can take entry at nearest support level for long position.








Now, we will note some confirmations to take the intraday trade.

1. Market is in bullish flat pattern.

2. It is taking support at Fib 0.5 Level.

3. Market is opening at support level and want to break the initial waves. 

4. Take entry at retest and book the profit at psychology level 36000.

5. Check RR and Stoploss, we can easily get 1:2 profit in this trade. 



Always calculate the risk and take the trade with proper setup.

I hope the above information is helpful.

Happy trading :)

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