Ambiguous, but could be a triple zig zag
on UJ... the recent price action on the lower time frame still look corrective so I'm expecting one more down... if we do get that, it's long time for me! The daily stochastics has almost unwound and the monthly candles just look corrective - certainly not bearish
from experience of candlestick
analysis. Bear moves happen quickly and suddenly USUALLY. Just look at the CAD pairs the last few days, esp
04/10/13... that is what a typical bear move is - a sudden drop smashing supports. UJ on the monthly is just ambling along sideways... consolidation before continuation most likely and with this possible triple zigzag
... it seems to stack up in our favour to go long soon...