Just to correspond with my UJ longs and Gold Shorts
Ideally would like to see clean 4hr candle break below 78.200
MA cross to downside looks imminent
Measured move - Bear flag
127.2% fib lines up at a strong S&R
As I have a UJ long in mind, I thought I'd coincide this with Gold
Reason for shorts, other than UJ longs,
1283 staying above weekly support, however slightly rejecting around 50% fib level.
I believe price could come to 1289 to previous weekly resistance and create a bearish flag pattern.
A measured move clone, lines up exactly at the 100% fib, furthermore...
UJ longs, technical view only
Staying above strong support @111.720 on daily and 61.8% on fib level.
A break and close above 112.720 will confirm longs for this trade.
Flag pattern measured move lines up exactly to the 1.27% take profit at a previous S&R line.
(Note, I am also looking and Gold longs so this long may conflict with this)
Reason for Short
5 touch trend line rejection on 4hr
Broken below previous support on 4hr
Drawing Fib High to low, 61.8% and 50% come into box area marked out.
Furthermore can look to see MA cross over to downside on market open.
Also on Daily candle is represented as pin bar, broken previous support.
Drawing fib low to high of candles where...