Trade scenario 1: Finally! We’re looking bearish here on the 4hour as we broke the range and are now forming a descending triangle pattern.
Look for a break and retest of the pattern with a confirmed lower high. We can then enter short and target lower toward 111.500.
Trade scenario 2: For us to consider UJ bullish we first need to see it break back into the range then bullishly break the range and form a higher low above.