There are different signs for the UDDJPY to drop:
1) Strong resistance at 104
2) Price hit a supply zone
3) The overall trend M/W/D is downtrend and we are close to hit the upper channel resistance line
If my analysis is correct and will happen like this, we take half of the profit at 103 or 102.7 , depending on the candle formations on 4 hour time frame.
If you have any feedback please leave it below.
Good luck and happy trading.
1) Strong resistance at 104
2) Price hit a supply zone
3) The overall trend M/W/D is downtrend and we are close to hit the upper channel resistance line
If my analysis is correct and will happen like this, we take half of the profit at 103 or 102.7 , depending on the candle formations on 4 hour time frame.
If you have any feedback please leave it below.
Good luck and happy trading.