UJ
UJ makes an inside bar after the bullish DXY move since CPI data, with Yen continuing to weaken in this never ending downhill slope, we could look at UJ as a potentially great long set up as the dollar continues to make gains with the anticipated rate hikes ahead of us. Inside bars generally occur in imbalanced moves and are a good sign of momentum in price.
Note
Red candle after the inside bar invalidates upside potential.
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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.