I see some sort of funnel forming along the funnel is the 200 EMA letting the trend bounce back and forth or it goes through. If it breaks out that funnel it can keep going up and slow down once it hits a previous resistance. Let me know what you guys think?!?! Would appreciate the feedback as I'm fairly new to trading and only been doing this for a month now
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As you can see it's still sitting in that funnel. But with it being above the 200 EMA it might be a sign for it to go up
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Close enough, lol bounce off that cloud and possible take off. Fairly new to trading and doing analysis. UJ seems to be my favorite since I've made good trades of it and this my prediction. Remember, right now UJ is still in a FLAT zone right now. Kinda hard to make a trade but I feel like I see a setup starting to form. Give it a couple more days..... hopefully we can see some kind of setup. Hopefully you guys can see what I see
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Lets have a bullish week trade fam! Lets make profits and live up to our dreams!!!
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Looking at the 4h now it's currently sitting on the 9. If that doesn't hold it'll test the resistance on the cloud, 200 and 100 EMA is slowly going up. Also, another kumo twist is formed showing the bull's presence.
I'll wait and give an update by this afternoon and maybe a possible entry for a long or if not, a short position.
Lets have a bullish day traders!!
I'll wait and give an update by this afternoon and maybe a possible entry for a long or if not, a short position.
Lets have a bullish day traders!!
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I want to say that 107.900 resistance area is a hard SOB to fucking break. Bears are getting weak as you zoom in the 4h. Still have a strong belief that it'll break and head all the way up!!!