📊 Flag Formation Detected 📊
Instrument: NZDJPY
Timeframe: 15 min chart

Flag Formation?
The FLAG formation is a simple three-leg pattern that develops against the more significant trend. To visualize this formation better, we will label the three legs as A-B-C, where legs A and C are going to move in the same direction, and leg B will represent the pullback.

For a FLAG to be a valid pattern, all we need is a three-leg structure where the first and third legs are similar in length, and before the formation, we should have a solid and clean trend move.

Traders Talk
8 months ago

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