Uj has been bearish since March with bulls dominating the market for the past week and considering persisting bullish momentum, I will be looking long with my stop loss below Monday's low as I target the 147.972 daily resistance level. The overall trend is bearish, hence the need to remain conservative with our long positions till major structural levels are broken to give us added confluence for our bullish reversal.
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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.