The U/J pair is setup nicely in a corner for a breakout, most likely to the top on talks of increasing US interest rates. A break above 122 leaves two targets to be desired at the 127% and 161% fib levels. While a break on the blue trend line sets it up for either a stop at 115, or completion of a bullish Cypher, where the pair will pick up it's long term up trend.
Two targets each side, set your TPs and stops.
Happy trading.
Two targets each side, set your TPs and stops.
Happy trading.