UCAD Short from Resistance
Updated
UCAD showed strength after its general pullback (from our last post, our pullback area was spot on) and is now aiming to hit 1.277 levels. This gives the confidence for bulls to buy; however, let's take into consideration the bearish divergence that formed. My personal plan is to sell or start from a swing high (lower high) levels down to 1.25800+ or should 1.26000+ break then we can assure ourselves of a breakout sell.
Trade closed: target reached
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