UJ POTENTIAL 40 PIP MOVE
Updated
We have an inverted head and shoulders shaping up and a mini Bull Flag pattern. We could see price push to retest supply zone. We also have on the sentiment data, 60% of traders are net short. This gives us an contrarian signal. With any entry, 30-35 pip stop loss is recommended. For tighter stop loss, draw fibs on mini flag pattern and place stop loss below the 50% retracement level.
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