As you can see on the chart, UJ has been on a textbook Uptrend creating higher highs and higher lows on the 4 hour chart. The lower timeframes add up to the higher timeframes and you can see a transition to an uptrend on the (1H) chart. The indicators used are the average exponential moving average and simple moving average. Exhaustion areas (Wick Areas) are an important part of the analysis and are shown by the clear rectangular boxes. There is momentum to push past the Daily resistance (Red line) and towards the exhaustion zone.
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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.