As my last post-UJ is Bullish and it will continue, so there is no reason for me to sell this pair at the moment. Waiting for a 38% retracement, after that, I will look into finding an engulfing candle or a variation of candle formation to start looking into entries.
UJ is a confirmed Bull, It has broken a previous LH. I'm looking for a retracement to the 38% area (green box) and continue up.
Interested in buying , Daily and 4Hr Time frames show buyers market (Always buy in an uptrend) As well as support and resistance levels. The only thing I'm waiting is for it to create a possible Bullish engulfing pattern on the 4hr tf and as well as Break of structure on the M15. Will keep updating.
This is a Counter trade, My actual trade will be a Buy around the 38% area. I'm on this trade with a smaller lot than regular.
We are in a buyers market, and I see a lot of confluence to keep going up.
Price action is changing , also the previous lower high as been broken
I don't know why I placed a sell when I saw the movement going long.
I was 30pips away from my tp, I'm still holding incase y'all were wondering. Its in an uptrend so my main focus is buying until further notice.
I see UJ as a short, by the looks of it,its creating a H/s . I see it dropping to the 109 area.
I see a possible buy in this area, I'll wait for further confirmation like a BOS on smaller Tf.
I see a Short Set up and my tp is the 35 pip gap, uj is on an uptrend so its best to buy but the BOS on the hr tf shows retracement.
UJ broke the previous LH on the H4 chart, I will be selling the retracement but mainly looking to buy as soon as it reaches my Tp.