UJ is currently in a bearish market. If you use the five wave analysis for your strategy, you can see that waves 1-3 are completed. Wave four is currently in formation in the bearish direction and looking to end in the 133.500 price area.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
