Is it Pullback or Reversal? The Week Will Tell
Updated
Two big things going on... the BULL run has been glorious with no stops and the US didn't raise interest rates this December.
In addition to that I have been waiting on a 200-300 pip pullback as shown in my LONG for LIFE idea. I though it was going to happen on the 21st of November, but it seemed it was a little too soon on some of the Daily indicators I have. This timing looks to be more in line with some noticeable correction.
I still think UJ has plenty of LONG potential for 2017, but this is a good SHORT opportunity for more than 100 pips so... Let's watch it go!
In addition to that I have been waiting on a 200-300 pip pullback as shown in my LONG for LIFE idea. I though it was going to happen on the 21st of November, but it seemed it was a little too soon on some of the Daily indicators I have. This timing looks to be more in line with some noticeable correction.
I still think UJ has plenty of LONG potential for 2017, but this is a good SHORT opportunity for more than 100 pips so... Let's watch it go!
Trade closed: target reached
TP1 was reached +125 pips.I closed out 33% of my position and plan to carry the remaining amount to the full TP2 area.
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