The Flag Strategy for Binary Options is a chartist pattern that is formed to confirm that the previous break will continue its bullish or bearish trend. Flag Strategy for Binary Options or Pennant is very similar to the strategy we saw earlier called Triangle Strategy for binary options where we would buy or sell after we have breaks or a breakout of trend consolidation.
When we start to invest in binary or forex options, chartism is a perfect option, because it seems very reliable. But if we are new learn to detect training on time is a task that is not achieved in two days, the consolidations of figures in very long temporalities can be a headache especially if we do not have patience. Instead, a concentration or formation of a flag “Flag and Pennant” in the short term may help us detect them in a short time.
I advise that before using any or binary signals trading strategy where we have breakages or breaks in the market we should learn to detect and interpret the resistances and supports correctly, also called floors and ceilings that will help us to identify better the figures where we have a break.
How to use the Flag Strategy for Binary Options
The Flag Strategy for Binary Options or with wedges and pennants also known as pennants and pennants is straightforward to use and with time very easy to detect, although we are going to talk about how to use Bandera’s strategy for binary options. Let’s also talk about the other two formations or figures of confirmation to the continuation of the trend. Then we can see that we can use two types of signals to perform operations, one is through breaks or breaks in the figure, and the other is through the levels of resistance or support of the chartist training
Flag Strategy for Binary Options with Ruptures
To use the E flag strategy for Binary Options with Ruptures or breakouts we must first detect the formation of the bullish or bearish flag, to distinguish it first of all we must look at the stock charts and find a substantial advance in one of the pairs or stock indices that we are going to invest, once this is done we should look for a formation of one of the continuation figures, which can be a flag or a pennant. Once we find the establishment, we must wait for the consolidation of the figure and hope that we have a break or Breakout of the resistance zone or ceiling if it is bullish or the support zone or ground if it is bearish.