UNP broke it's upper trendline back in December. After several failed attempts to break back into it's channel, it saw bullish movement. We are now back down to this ascending trendline and price action is finding indecision. Also, we have retraced to .786. I'm eyeing a move back around 110. If price moves down to 102.50, I'll look to exit.
Trade closed: target reached
Closed trade right above the 109 level
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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.