POTENTIAL UJ Short Position If Price Rejects Weekly Resistance
This is a potential opportunity for a UJ short position as price broke support and turned into resistance. Price has rejected this level in the past and is at a potential retest of resistance right now. I price rejects this level with strong rejection wicks or bullish engulfing candles the position is validated. The opposite trade of a UJ long is also a potential opportunity if price fails to reject resistance.
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