I see the 16 EMA as support. It looks like EU will continue to raise and break the high from last week. I like it to reach the top of the daily chart channel eventually.
I want to sell UJ at the 30 EMA or at that resistance marked by the horizontal line. I think it will fall down to the hourly support marked by the rectangle.
This is my trade if price falls
I am not throwing away my shot
Good sell coming up in a few hours
Wait for it to break under wave 4 and buy on the way back up!
This has to start dropping in the next 30 minutes or so otherwise the wave count will be invalidated and we will have to look for a new 5 wave move.