I don't think UJ is ripe for shorts yet. See daily chart for major levels and 15m chart for nice cup&handle development. C&H is suggesting 113.00+ level in case it will succeed.
Depending on Monday development, I might be looking for longs from above 111.70, if it will get broken.
So, currently neutral, with slightly bullish view :)
But if (when) it will turn south, I expect short to 107.50 area (and thus following 0.618 -> -0.618 scenario - marked with white and yellow Fibonacci levels).
Daily chart:
15m cup&handle:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Depending on Monday development, I might be looking for longs from above 111.70, if it will get broken.
So, currently neutral, with slightly bullish view :)
But if (when) it will turn south, I expect short to 107.50 area (and thus following 0.618 -> -0.618 scenario - marked with white and yellow Fibonacci levels).
Daily chart:
15m cup&handle:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active
Fingers itching :)I triggered small long on breakout.
Note
Half closed, half on BE.Note
And another long on "breakout" (110.86).Trade closed: stop reached
Wow :)One SL hit with profit, another with loss, net 5+ (plus previous half one).
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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.