OANDA:AUDJPY   Australian Dollar / Japanese Yen
Education

Bullish Flag Pattern
This pattern is a bullish continuation which suggests further bullish rally.
It helps traders where they can decide for bullish continuation and extended rally, the Bullish Flag Pattern should be formed with the existence of bullish trend.
The break of the resistance from the drawn pattern is a sign for preparation of bullish setup, and price should not retrace more than 30% of the trend.

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.