I am expecting UJ to go down after testing the trendline. dotted line for possible up but I expect it to go down. The Weekly and Daily direction is down.
Price broke through the trend line. then retested and started on toward the target.
My chart Analysis Monthly trend is down and had red candle Weekly trend is down with big red candle for current week Daily is red and going down On the H4 price bounce from the daily support moving up and restested on the bottom bollingerr band
Monthly is starting to move up with green candle forming. Weekly is green up Daily is 3 daily green going up Looking at the H4 chart price bounced off the daily support and moved up with a candle closed and retested above the middle Bollinger band. Confirmations for entry. Price is moving up the second trend line Price is respecting the middle bollinger...
Going back in EJ. still believe we have more in this one.
Confirmation of Sell - Monthly Candle is Red H1 time frame: - Price is below MA50 - Price below middle bollinger band - Trend line down direction - price is below the Ichimoku clouds and MA lines - supertrend is giving me arrow down to sell Price is on the H1 Support but could be breaking to the downside and head to the daily support then I will hold long time
I first did a mark up with my support and resistance zones. Then I used the bollinger band and the supertrend indicators to find more confirmations. My confirmations in this trade: 1. support and Resistance Mark up to see the zones 2. Then using Bollinger band I see that price has bounced and going up from the bottom band showing support & up direction. 3. ...
I did this mark up Friday early afternoon.. I did not want to enter as the market was closing soon and wanted to just get a feel for how this could be going. So I will watch this as it progresses.