As you see in the 4H time frame, price is in an uptrend and facing a bullish pressure.
Currently, price has made a continuation bullish flag pattern and has broken the pattern but hasn’t been fixed and closed outside the pattern yet.
If price closes a bullish 4H candle above the flag and also breaks the resistance point around 163.630, I expect a rise on GJ around 164.650 which is the resistance level ahead.
Currently, price has made a continuation bullish flag pattern and has broken the pattern but hasn’t been fixed and closed outside the pattern yet.
If price closes a bullish 4H candle above the flag and also breaks the resistance point around 163.630, I expect a rise on GJ around 164.650 which is the resistance level ahead.
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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.