strugle of MPP 110.769 Again
Although we can see a return to the horizon which attacked a few days ago overall, UJ is no exception.
Also, unlike the previous contact at 6/15, it is stopped cleanly.
On the other hand, when considering that the wall of the limit order is thin due to overshooting of double zero 110.000 over two times,
It seems to be becoming short-term advantage.
1) It was confirmed that MPP 110.769 functioned as resistance.
Aim for a short, try a double zero 110.000 penetration.
However, if it is determined that 110.000 penetration has failed, the position is handled.
2) price penetrated above MPP 110.769.
If MPP can be confirmed as a support line, consider a long targeting around 110.5 which is before the weekly trend line.
------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- <Legend> --------------------------
Also, unlike the previous contact at 6/15, it is stopped cleanly.
On the other hand, when considering that the wall of the limit order is thin due to overshooting of double zero 110.000 over two times,
It seems to be becoming short-term advantage.
1) It was confirmed that MPP 110.769 functioned as resistance.
Aim for a short, try a double zero 110.000 penetration.
However, if it is determined that 110.000 penetration has failed, the position is handled.
2) price penetrated above MPP 110.769.
If MPP can be confirmed as a support line, consider a long targeting around 110.5 which is before the weekly trend line.
------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- <Legend> --------------------------
Disclaimer
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.