APPROACHING THE MAJOR RESISTANCE - SHORT
After almost 6 months of uphill climb for this pair, it is now approaching the major resistance around 114 area. To be able to break that year-long resistance RSI must also break the 73.77 level. As the price goes higher, the oscillators must follow suit otherwise a bearish divergence will form.
My personal bias for UJ is that the price will get rejected as the bulls simply losing its steam based on the movement of RSI. Shorting is imminent
My personal bias for UJ is that the price will get rejected as the bulls simply losing its steam based on the movement of RSI. Shorting is imminent
Note
No SELL signal yet for UJ.Spotted a Hidden Bullish Divergence on H1 chart
Note
Wait for SOR before entering a SHORT TRADE
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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.