After breaking the bear channel and strong bullish momentum, Now we have a bear channel ( Bull flag ).
Bear channels have 75% chance of bull BO, so I myself wait for bullish BO.
But I don't expect much higher prices because I see bigger view of H4 timeframe as trading range.
Best trading strategy in trading ranges is to buy low and sell high.
If this bear flag get broken upward, I will get short at top of trading range.
Mention that we have also 25% chance of bear BO, nothing is 100% in market.
So we may have bear BO of bear channel and sell off to bottom of TR where I will get long there.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Bear channels have 75% chance of bull BO, so I myself wait for bullish BO.
But I don't expect much higher prices because I see bigger view of H4 timeframe as trading range.
Best trading strategy in trading ranges is to buy low and sell high.
If this bear flag get broken upward, I will get short at top of trading range.
Mention that we have also 25% chance of bear BO, nothing is 100% in market.
So we may have bear BO of bear channel and sell off to bottom of TR where I will get long there.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
