Recent High@111.06 - at this price it retraces 80% of the fall from 111.18 to 110.46 -likely this is maximum retrace which looks good if UJ wants to travel downside in coming session.
Stops above are 111.20 going beyond assumed double top - but we saw aggressive fall from 111.19 to 110.46
UJ stretched to its firstname.lastname@example.org in the current U.S. Session- close to prior highs at 111.18
Ressistance is 111.20 (Strict)
Price structure from email@example.com to 111.13 looks all choppy & going below 110.50-110.60 zone will be better for further downside with strict stops above 111.20
If UJ goes below 110.50-110.60 zone then it could travel beyond or more than 161.8% distance as well because of maximum retracement -almost 90%.
First we need UJ to fall below the 110.50-110.60 to continue further down.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ