UCAD is one of favorite trades this week being that it is currently in an ideal situation. On the D1 (daily chart) this pair reveals a downtrend in a channel in 2016, now following same trend over the past 2 years. the market hit its peak of the upper TL making a turn with reversal to re-direct pair toward lower long-term TL which is about 1640 pips away. It's the best time to enter this trade for the least amount of risk as low as 60 pips for TP of 1640 pips. Approaching the lower TL will be only the 3rd re-testing so expect to reverse again toward upper TL in mid 2019. GET IN NOW AND BANK THE PIPS.
Trade active
Trade active
If you are new to the trade. NOW is a perfect time to make a entry. SHORT
SL: 1.32682
Note
If you play the video, you will see the break in lower TL and now is the retest for the final push down.
JPC
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.
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.