Price making higher highs , whereby is at a 4Hour resistance which was broken to the upside , which becomes our new support , Risk 20 pips on this trade and expect a Reward of 66 pips
Ill update this trade regularly just incase it no longer valid!
- Price respecting the trendline pretty well
- Inversed Head & Shoulders pattern on the H1
-Price broke out support and yet to be tested.
On the 1 hour timeframe, UJ broke structure, on the higher timeframe UJ is sitting on the 38.2 PRZ fib level. also has a head and shoulders pattern, with exhaustion forming on smaller time frames. just waiting for a slight retest and an entry down to the 111.600 area
