This call is mostly based on the EurUsd call. We printed a bearish pinbar today.
I think the dollar will weaken in the next few days so UJ needs to drop.
MACD is crossing over ahead of the TSI . We might just test back the 200 EMA or maybe testing back the 108-109 zone.
111 and 108-109 levels will be important for the gold rally also.
We've broken above the intermediate trendline but UJ cannot use the opportunity to rally higher.
I think the dollar will weaken in the next few days so UJ needs to drop.
MACD is crossing over ahead of the TSI . We might just test back the 200 EMA or maybe testing back the 108-109 zone.
111 and 108-109 levels will be important for the gold rally also.
We've broken above the intermediate trendline but UJ cannot use the opportunity to rally higher.
Trade closed manually
112.137Note
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Don't like the price action. Every drop is bought.Seems like a trend line crawling which can break to the upside.
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Start to look like a flag. Even if it wants to go lwer first most probably will break to the upside...Just like at the first tag of the trendline...
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First trend line tag : 2016 December. ( there was a flag too)
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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.