Double Bottom Bull Flag / Consecutive Bull Bars / H4

· View 28

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.



Edited 04 Jan 2022, 10:07

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

If you like, reward to support.


No older comments, be the first to grab the sofa.