Short

Time for a pullback?

Updated

UNIUSD with a nice bounce on top of the channel on the daily. Normally that would signal a long position for me but with such a run up over the last few weeks i think i will pass on this trade. I might be wrong but i would imagine a pullback below the channel in the next week. Maybe look for a short then. This is definitely not financial advise so its not.

Note

Looks like the descending channel is acting as support. If we see and break to the downside we can try to find an entry position on the lower timeframes.

BringTheFingerBack

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