After hitting the top, now UJ is dropping with its new descending channel. The reflection point A of the channel is expected at 112. And dropping deeper after a correction inside the channel by hitting b, giving a more steep channel. Final buying zone is 110.5- 108.2. So ,now if you setup sl up higher than last top 114.5, you can enter short anytime. otherwise, its wise to wait for a correction B. Either way, 300 pips plus for UJ short trade.
Less is more!
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UJ straight down to fibo 618 110.6.
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from 112.4 down to 110.6, the short trade is closed by making 180 pips.
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3 tps for UJ's correction wave.
Trade closed: target reached
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just to record: this short trade has been closed.
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gaptraderhq
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@FUNTRADER-Vera ... vera, so you have closed your Short trades & are now Long???
FUNTRADER-Vera
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@gaptraderhq, hedging long to scalp for a correction wave.
gaptraderhq
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@FUNTRADER-Vera, Sorry whats that mean... you think it will correct Long so you are scalping... but then it will drop again to your 108.02 levels??? Thankyou
@FUNTRADER-Vera ... Hi Vera, hope you have been well... I've been holding taking positions short. Remember a few weeks ago I said there were gaps... it will be pay day soon. It will drop to 109.220 & close the gap ;o) ... Gold long to 1285 as mentioned also. Good luck. Dax short to 12,080 as well.
FUNTRADER-Vera
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@gaptraderhq, yes, we all see the gap, but the issue here is when and where to setup the short trade for the best R/R.
gaptraderhq
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@FUNTRADER-Vera, thats you department hehehe Im just a gap trader who hates charts. Thats why I follow you. lol ;o)