UJ wandering between two S/R levels. PA looks far from bullish trendline, so Fib seemed applicable on this one. Price rejected off of the 78.6% retracement, so I'm expecting some more further retracement of 1-2 candles before I decide to make an entry.
Strong downtrend and small retracement candles for the past two-three hours, but I'm just waiting on how PA responds to 78.6% on Fib retracement from previous uptrend. Sellers are still clearly in power, so my bias is still on the short side.
Convergence of the Delta Trend, and continuation of the downtrend seems strong. However, Bollinger Bands are outside the Keltner channel in a bullish manner. Waiting to take a short entry near the .95752 zone (indicated in chart).
Current uptrend. Broke through support zone and a retouch and bounce may occur. However, key Fib 38.2 level has held some price action in the past, so the plan is to wait until we see a response on this level.