99.15 - 98.80 area is buying opportunity
Below 98.50 is the trade invalidation point
101.50 is the first target
Trade rationale:
UJ is pulling back from the descending trendline breakout last week.
Price is above 100 sma up trending channel in 4H indicating buying trend/pressure.
Pulback zone 38.2%-50% is the buying zone
Below 98.50 is the trade invalidation point
101.50 is the first target
Trade rationale:
UJ is pulling back from the descending trendline breakout last week.
Price is above 100 sma up trending channel in 4H indicating buying trend/pressure.
Pulback zone 38.2%-50% is the buying zone
Trading success is not going to be entering winning trades, but how you exit your losing trades.