UJ has been pretty bearish and has been stuck in correction since the big decline from the last week in August.
I'm anticipating the hurt to continue a little more but first... a spike up
Daily/weekly order flow is up.
We are near a key level @ 121.80 (dashed blue line)
Big orange rectangle is the bearish fib drawn from the overall move, which is the sweet spot to look for shorts.
Small orange rectangle is the bullish fib sweet spot
Hallow blue rectangle is where liquidity is resting, an area where price will push for.
Red line is a past daily high
Asian range deviations being used as an oversold overbought areas.
I'm anticipating the hurt to continue a little more but first... a spike up
Daily/weekly order flow is up.
We are near a key level @ 121.80 (dashed blue line)
Big orange rectangle is the bearish fib drawn from the overall move, which is the sweet spot to look for shorts.
Small orange rectangle is the bullish fib sweet spot
Hallow blue rectangle is where liquidity is resting, an area where price will push for.
Red line is a past daily high
Asian range deviations being used as an oversold overbought areas.