Potential long trade on UJ
Price action is currently moving in a symmetrical triangle, and a breakout trade could be in play. An upward breakout could see price retesting 114.570. If it continues its momentum it could hit 116 and an extended target at 118 (both indicated by arrows).
A downward breakout could see price retest a support level at 111.600 range.
Disclaimer: Content discussed is for informational purposes only and does not construe an offer or solicitation to engage in any activity regarding the subject matter
A downward breakout could see price retest a support level at 111.600 range.
Disclaimer: Content discussed is for informational purposes only and does not construe an offer or solicitation to engage in any activity regarding the subject matter
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.
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.