Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
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My favorite time of the week... Market open. With UJ respecting its Bearish trend I expected a pullback to 4 hour structure once the market opened. This is a so a 61.8% Fib Retracement. Price has room to move all the way up to the 100 Fib, or structure but I am looking for bears to re-enter sooner to enter. Don't mistake that with marrying a direction, I always wait for multiple confirmations that bears or bulls have entered the market.
Look for bears to enter market soon, if not stay patient and stick with trend. Going to post a setup throughout the rest of my trading night/morning. Hope you all have a successful night.
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
**********
My favorite time of the week... Market open. With UJ respecting its Bearish trend I expected a pullback to 4 hour structure once the market opened. This is a so a 61.8% Fib Retracement. Price has room to move all the way up to the 100 Fib, or structure but I am looking for bears to re-enter sooner to enter. Don't mistake that with marrying a direction, I always wait for multiple confirmations that bears or bulls have entered the market.
Look for bears to enter market soon, if not stay patient and stick with trend. Going to post a setup throughout the rest of my trading night/morning. Hope you all have a successful night.