Ucad is bottomed out on 4 hr, You see the fork, equal length and diagonal pattern it is in. This diagonal can extend down one more but I don't think it will. I would trade the break out to trend line and leave some to ride just in case tomorrow USD news drivers push it up....
Note
The did possibly trap buys and may come one more down to 1.236 so I would execute by buy stop orderNote
Didn't quite reach my ray line but if did take this hopefully you secured or took the pips. Dollar still week obviously. not interested in buying USD until it confirms, but this was just a scalp.
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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.