Am waiting for UJ to break the resistance and previous high created as an effect of the covid 19 vaccine. After that a nice retest will give me reasons to go long.
A quick shorting on UJ. LETS SEE IF WE WILL HIT TP OR REACH HALFWAY. ANALYSIS WAS BASED ON CONFLUENCE FROM TOUCH ON THE UPPER TRENDLINE, NO FIB ZONE AND SUPPORT TURNED RESISTANCE AREA THEN I SOLD.
The volatility went in my favor giving me risk to reward of 1:17💥💥
Cleared asap with the buy position on fourth touch on trendline
Gu has been bullish so we look to go long on retest from previous broken resistance.
First sell was done, now wait for retest for support area then go short.
We can see a clear move down from 0.618 fib level and key resistance level also on third you on minor trendline, giving us enough confluence to short.
Look what we have a sell pressure from the key resistance zone.
Time to short this pair as it's on 0.3 on fib levels and also at retest
UJ HAS CLEARLY GIVEN ME THE HEAD AND SHOULDERS I HAVE BEEN WAITING FOR THE LAST 4 WEEKS.
This pair is expected to go short after breaking the support level and fib zone 0.3