Double Bottom Bull Flag / Consecutive Bull Bars / H4
I was expecting AUDJPY to fall down and have correction then bull resumption.
Bulls were strong so without correction it moved up within tight bull channel.
We had a bear BO of tight bull channel yesterday and we know BO of such strong trends usually is minor.
So bears push price below 20 EMA and created MAG. Then strong bulls came with consecutive bars and closed the bears gap.
Double Bottom Bull Flag + Bullish Momentum = Higher prices Expected !
Top of Weekly Trading Range can be bulls target.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Bulls were strong so without correction it moved up within tight bull channel.
We had a bear BO of tight bull channel yesterday and we know BO of such strong trends usually is minor.
So bears push price below 20 EMA and created MAG. Then strong bulls came with consecutive bars and closed the bears gap.
Double Bottom Bull Flag + Bullish Momentum = Higher prices Expected !
Top of Weekly Trading Range can be bulls target.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.