Daily we are starting create Higherlows, and Counter trendline broken, but we dont have not yet a a break of structure. On lower Timeframe we are seeing a Transistion to uptrend i see some Bullish moves for now. we have some confluence for long oppurtnity.
H4 61.8% Fib Level We have to much Confluence here to buy. we will sit and wait for the market do his thing We gonna wait for more confirmations... wait for the H4 to find a Support if we find wait then for a Englufing Pattern to jump in long opportunity.
I have two scenario for UJ. First to Create a double Top and drop And create a Higher low and retest at 78.60% Touching also the Monthly Level or At 61.80% will see if the Buyers are waiting to go long from 61.80% Retrace. Second Scenario is to pullback to downside a little and go Higher To touch my Weekly Trendline.
Risk Warning: Trading carries a high level of risk to your capital and you should only trade with money you can afford to lose.
Risk Warning: Trading carries a high level of risk to your capital and you should only trade with money you can afford to lose.