Expecting to see UJ
short as the market opens up later today, after seeing it close Friday ending with a huge shadow of exhaustion. UJ
respected both my resistant line as well as my trend line
of which then we began to see drawback on the 4H chart moving from the 112.87 area to closing at 112.55. We can clearly see the market was over bought and the bears attempted to take over. Its still trending along my moving averages well and I see no potential cross over just yet, however I still to see UJ going short before it potentially tries to make a new high.
Follow my Snapchat @tonethatguy an twitter
@tonethatguyy to keep up with further and personal analysis.