UJ long position following a failed lower low
Updated
Expectation is that this pair will move up following a failed break lower.
There is a lot of selling pressure through the months and zooming out on the long term would expect some retracement back to break recent highs - back inside monthly wedge which coincides nicely with the last jump upwards.
There is a lot of selling pressure through the months and zooming out on the long term would expect some retracement back to break recent highs - back inside monthly wedge which coincides nicely with the last jump upwards.
Trade closed: stop reached
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