UJ had its initial drop on July 7th. It broke the old Daily Swing Low @ 138.40. Price has since retrace to the 78.6% level on the Fibonacci. This provides the optimal trade entry back to the 138.4 area. While I expect this pair to break that level and push lower a less aggressive TP would be equal lows @ 138.40. This is a SMC trade. If you decided to take this trade Idea with me please practice proper risk management
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.