Buy UJ
Updated
On the daily, price was in and uptrend, hit -61.8 on the daily fib and came back to the weekly key level.
On the 4HR, I can see that price was in an uptrend, hitting -27 on 4HR fib and came back to the weekly key level.
On 1HR structure, I can see that price is in a downtrend, currently consolidation near the weekly key level.
I am looking to see if price will make it down to previous support level (-27 on the 1Hr Fib) and bounce back up to the weekly key level (40 - 50 pips)
On the 4HR, I can see that price was in an uptrend, hitting -27 on 4HR fib and came back to the weekly key level.
On 1HR structure, I can see that price is in a downtrend, currently consolidation near the weekly key level.
I am looking to see if price will make it down to previous support level (-27 on the 1Hr Fib) and bounce back up to the weekly key level (40 - 50 pips)
Note
Trade is not activating yet. Let' see if it finishes out the downward trend to -61.8 before reversing and breaking the trendline for the buy
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