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Today’s example is for chart pattern set ups. These are one of the best set ups if traded properly. On the 1H chart of USD/CHF a Flag pattern is formed. The direction of the previous move is up and the flag waves down so we have to place a buy stop order above the resistance line. The level of the orer is 1.1777. After the position is opened we place a protective stop loss below the breakout candle’s low @ 1.1759. As you can see a nice profit of 100+ pips could be made.