Hey guys
Let's take a look at UJ.
Monthly: Consolidation pattern . Chikou bouncing off kijun support.
Weekly: Macd is crossed up and price is above Tenkan and Kijun Chikou is above price.
Daily: Bullish setup with macd crossed down. In this case, you have to use 4h . If you go to 4h, it is bullish breakout.
So, i am long. There is nice over 3:1 RR here.
I am currently reading Andreas Cleanow's book Following the Trend. It is a good book if you are a trend follower. He is a money manager as well. It's worth reading. Thought to share with you guys.
Thanks for the read.
Let's take a look at UJ.
Monthly: Consolidation pattern . Chikou bouncing off kijun support.
Weekly: Macd is crossed up and price is above Tenkan and Kijun Chikou is above price.
Daily: Bullish setup with macd crossed down. In this case, you have to use 4h . If you go to 4h, it is bullish breakout.
So, i am long. There is nice over 3:1 RR here.
I am currently reading Andreas Cleanow's book Following the Trend. It is a good book if you are a trend follower. He is a money manager as well. It's worth reading. Thought to share with you guys.
Thanks for the read.