UJ is testing the bottom of a massive symmetrical triangle.
We already broke the triangle in March but quickly recovered, this time we should see a break for good.
This will be invalidated if the upper bound of the triangle is broken. There is still a chance we can bounce back into the triangle before the fall, but the path of least resistance is short.
Could see a bullish move into a large bearish push on UJ for a downtrend continuation. Should see a large fakeout just after ATR n volume has drop significantly in the upward direction with a large spike in volume and atr after the move. Dont get caught in this move as this is the trap that is due to turn an accumulate liquidity in the market for a bearish push.
huge sell off pressure for UJ last week.
Saw some GREAT strides by the YEN to surpass that 93.7 level on JXY. Jump to 94.6 makes it overbought ATM hence why I like UJ to buy back up to the 106.85 levels
DXY also hit my 94.64 COVID breakout level and is striving to retest such if not 95.20ish.
These are my 2 confirmations as well as an end of the month buy push...
As we can see, the moving averages are lined up nicely for a buy. Whenever the smallest moving average is on the bottom and so on and so fourth, it tends to indicate that the market is signaling a reversal to the upside. Just bored, on this Sunday morning so I'm trying to give my bias. Hopefully someone has a takeaway from this idea.