Recently, more and more people have been seeking a job that will allow them to receive a constant income and have enough time for themselves and their everyday affairs. First of all, this is related to those social phenomena that currently have a significant impact on the population and each person. Back in 2020, people realized that the pandemic made adjustments to our lives, and it was necessary to work remotely, that is, outside the office. However, not all professions are relevant if implemented remotely. Yes, the seller cannot cooperate with the product and customers at home, or the teacher will have many problems explaining complex material to children when he does not see them in front of him and needs help understanding whether they perceive his information. From that time, the wave of searches for remote work, which will bring good money and will not require much time, intensified.
Employees of the small business sector understood the need for such a niche a long time ago. They, therefore, began cooperation with clients located at a distance or in other countries altogether. Indeed, practice shows that international cooperation is not only something that sounds good but also a natural way to get good money for one’s own work and services rendered. This is especially true in the area of currency trading. Over the past ten years, it has become quite popular, and more and more users of exchange platforms want to succeed in this field. However, staying on the platform and being competitive on an ongoing basis is not so easy. It is necessary to understand not only the basic intricacies of currency transactions but also to be prepared for possible risks encountered in interacting with foreign clients.
Many currency exchanges, including Forex, have been created to regulate international currency transactions and to simplify the procedure for conducting them. The mechanism of their action is that users of the platform can familiarize themselves with charts that reflect the current state of the market, find counterparties with whom they can enter into potential contracts, and discover new opportunities related to making a profit. There are also additional tools, such as forex bots or indicators. Suppose the latter reflects the leading indicators important for an investor and entrepreneur, i.e., the ability to deposit funds, whether such an action will be profitable, etc. In that case, forex bots already help identify a potential party to a contract and conclude it. Both perform essential functions that cannot be done without in the process of currency trading today.
What is Bull Flag Pattern, bull flag vs. bear flag comparison
Each forex bot and platform user generally have their trading strategy, which they use during the period of work on the platform. The strategy is based on template parameters, which implement the trader’s plan step by step if applied consistently and allow him to receive income. One of these patterns is the Bull Flag Pattern, the main characteristics of which will be discussed below.
Such a pattern is fascinating and important to investors because it shows the growth and decline of stocks at a particular moment in the market. Knowing this data and having an idea of how everything is arranged in the market, you can predict the availability of ways to make a successful contribution and find a good counterparty option.
The bull flag model effectively predicts stock trends in the forex market. The working mechanism of this template is that it analyzes shares on the market and predicts future indicators. Within such a template, there may be several variants of graphs of variables. The first is a chart showing a stock going up at a certain point in time, while the second is a chart showing a stock going down at some point. The chart may also indicate a retracement of the stock, which will look like a standard horizontal line with some decline along the way. If you compare the bull flag vs. The bear flag, the latter, also known as the bear flag, reflects the downward trend line of stock changes, i.e., the opposite picture.
What are the main features of the Bull Flag Pattern?
Usually, the following technical characteristics are laid out in the template’s structure as a bull and bear flag. First, it is the presence of data on the graph regarding the previous performance of the shares, which was inherent in the period preceding the current one. Secondly, this is information about a possible breakout of claims on a chart segment. That is, the variable characterizes the jump in shares in a certain period. And also another main parameter is the presence of confirmation of the growth of shares, which is indicated by vertical lines on the graph.
The Bull Flag Pattern can have different looks. In particular, there is an option of such a chart, when a horizontal line is first depicted and then a kind of “breakout” of shares, which is very attractive to investors. They then understand that there is an opportunity to get some profit from depositing funds on the stock exchange, and potentially it will be successful. However, the most common pattern of the bull and bear flag is the simultaneous coverage of both the decrease in shares and their increase, as this explains the general picture in the market and allows you to track the dynamics of its change.
Thus, using additional parameters when conducting exchange activities and operations on the foreign exchange market is a clear advantage for platform users and investors wishing to deposit their funds. Thus, an opportunity is created to monitor the state of the market at a specific moment and to draw conclusions regarding further actions on it. Comparing the two types of patterns offered to traders – bull flag vs. bear flag – we can conclude that both show both a decrease in shares and an increase, so it is up to investors which ones to use and how to build their trading strategy. Only by taking into account all indicators and understanding the principles of market functioning is it possible to predict the following indicators used by exchange users and be successful in this field of activity.
