UJ buy idea
I have a bullish bias on UJ.
-Price has been steadily going down for the better part of the previous week and managed to drop to 133.50
-A support turned resistance had been created at 134.68 but it has since turned to support, with price making atleast 3 touches on the same zone and ranging within the next level at 135.30
-Am anticipating a bullish break above 135.30 hence placing buy stops a few pips above 135.30 and my stop below 134.66
-Price has been steadily going down for the better part of the previous week and managed to drop to 133.50
-A support turned resistance had been created at 134.68 but it has since turned to support, with price making atleast 3 touches on the same zone and ranging within the next level at 135.30
-Am anticipating a bullish break above 135.30 hence placing buy stops a few pips above 135.30 and my stop below 134.66
Note
Good trade indeed
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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.