DESCRIPTION: UJ might be rejecting the weekly key level @ 111.500. It also is on the 38.2% retracement level (red horizontal line on the chart) on a weekly timeframe (see in the comments). It has also formed a double bottom and is now retesting the small trendline (black arrow).
ENTRY: Enter at the trendline retest.
TARGET: I'm targeting the next structure resistance and psychological resistance @ 112.500 (Large Quarter).
STOPS: Will be placed below the double bottom.
ENTRY: Enter at the trendline retest.
TARGET: I'm targeting the next structure resistance and psychological resistance @ 112.500 (Large Quarter).
STOPS: Will be placed below the double bottom.
Comment:
Comment:
STOPS placed @ breakeven.