AHanson

AHanson

Expecting to see UJ short as the market opens up later today, after seeing it close Friday ending with a huge shadow of exhaustion. UJ respected both my resistant line as well as my trend line of which then we began to see drawback on the 4H chart moving from the 112.87 area to closing at 112.55. We can clearly see the market was over bought and the bears...

AHanson

As seen on the UJ chart we can clearly see that after the previous 4H candle stick was formed, it hit an area of resistance hence the why we can see the exhaustion formed on the candle. If we look back to August 1, 2018 we can see that the exact same area was hit and right after being hit, it respected the resistance line and went short. Also on the 4H chart we...

AHanson

EJ is back again testing the daily support of the 118.726 area. Now we've seen this area reject down trends late November and early December of 2016 as well as late February of this year as seen in the 4 hour chart. Which means since as though this support line is quite strong we can see a false break-out or another rejection yet again.

AHanson

As seen Friday we saw AJ reject off of the daily support line at 85.557 of which started a possible down trend. In my analysis I see two possible things that can happen. Either (1) AJ going to the daily support of 84.091 as a continuous result of this down trend seen on the 4 hour. Or (2) we can see it Re-test the 85.557 line before possibly going back down.