Dow Theory depicts that a series of Higher Highs and Higher Lows support a Bullish Trend whereas a series of Lower Highs and Lower Lows proposes a bullish trend. Here you may foresee a period of Accumulation after a bear run completes after which a bull run is expected.
Bull run using HH HL concept of Dow Theory and cross a distribution phase and later declining, the support allows an entry point to further ride the bull run with Stop Loss, TP1 & TP2.
Bullish Trend in EURJPY based on Dow Theory where series of higher highs and higher lows forms
Bullish Trend with HH/HL according to the Dow Theory with Stop Loss, Entry Point & TP 1 & 2
This analysis covers EUR/CAD running a bullish trend with the help of High Highs and High Lows proving Dow Theory including the Entry Point, Stop Loss & TP 1 & 2.
Bullish Trend using Dow Theory indicates that a series of Higher Highs, Higher Lows will prove to be a market to go long in this FX Pair of AUDNZD.
Series of High Highs, High Lows leading to Bullish Trend after crossing Bearish Trend
The published chart reflects a Higher High, Higher Low trend based on Dow Theory that proves a bullish trend where I have applied a Stop Loss, Entry Point & Take Profit 1 & 2 thus dividing my risk on a trade lot of 0.07.
LH, LL trend on a bearish trend between CAD/JPY FX pair with a size lot of 0.15
LH, LL trend on a bearish trend between USD/EUR FX pair with a size lot of 0.06
High High, High Low Bullish Trend in CADJPY Pair simply using Dow Theory that indicates Bullish Bearish in a basic concept of Technical Analysis