July 28th 20 | #UJ Analysis | Asian Session
July 27th 20 | #UJ Analysis | Asian Session Looking like a nice H&S pattern. Stops below the newly created support. Each red horizontal line is my indicated TP level, looking how price will handle that area.
Price fell straight down to this strong area of support. 30min candle displayed strong price rejection, which is also indicated on the huge wick on the (1pm-5pm) 4HR candle. My sentiment is now currently BULLISH until around 107.200 level. However if we do get a 30min candle to close below 107.732 area it could be safe to head bearish until around...
My updated analysis for UJ. Initial thoughts for bullish, since price was going above the high of the bearish 4HR candle. Price subsequently came back into the bearish range which prompted me to adjust my analyis. If 30min candle does break and close above 107.199 I will be bullish. But as of now I'm currently bearish.
If price breaks and close below 107.102 on the 30min time frame. I think we should surely be heading to 106.870
July 22nd 20 | UJ Analysis | NY Session
Price reached strong area of 4HR support. We're heading into bank holidays tomorrow and Thursday. But I will still hold my long for the duration of the week.
My current analysis on UJ and active trade alert.
2nd Entry on UJ | July 13th 20 | Asian Session UJ Analysis Trading analysis was incorrect earlier today, stop loss was place to low. My assumption the market was ready for the bearish move.