Looking to short UJ looking for that 3rd touch on our descending trendline with a fairly decent resistance level .
we have a 78.6% retracement on the Fibonacci.
Now that we have 3 confirmations ,I will simply scale down to the 1 hour where I 1-Either look for rejections with wicks or 2-Look for a BOS
Please manage risk
Risk what you can afford to lose!
protect your capital as soon as trade is 30-40 pips in profit!
Feel free to give your input in the comments
we have a 78.6% retracement on the Fibonacci.
Now that we have 3 confirmations ,I will simply scale down to the 1 hour where I 1-Either look for rejections with wicks or 2-Look for a BOS
Please manage risk
Risk what you can afford to lose!
protect your capital as soon as trade is 30-40 pips in profit!
Feel free to give your input in the comments
Trade closed: stop reached:
Sometimes you WIN sometimes you LEARN, market did not respect our level and buyers are incontrol.Therefore my bias is bullish on UJ and I will wait for a retracement back to our Golden zone then long UJ