Support and Resistance: Resistance W1 (pink) + Resistance D1 (blue) + Upper Edge Channel (Zone 112.4)
Supply and Demand: Last Supply (D) + Lower Edge Channel (Zone 111.0)
Forecast: Price up to Zone 112.4 (Resistance) and down to re-test Last Supply (Zone 111.0). After that Up to break All of Resistance (Resistance with so many TOP) zone 112.4. And target to...
Considering the current resistance levels at (110.960-111.000), as well as the previous bearish candle being engulfed by a bullish candle. Representing that there is a great entry position (Bull). At around the 110.975 price range. Be diligent and consider the rules to your plan.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and...
With the impending US economic bust that is about to happen when the Dollar bursts (based upon the DXY and US30), I'm bearish on UJ for this week.
I see it continuing in an Elliot wave pattern to retest its low point from early last week. I want to see if price respects that low point or breaks below it for the continuation.