As you can see my first uj chart is a bit messed up with a misleading support resist line, but now i made it better for this week i believe it should come down to one of these lines and shoot back up to refill the gap. Will it be tomorrow? The following day?! Lets see how it will move in the future
Alright so far my UJ idea was great as i predicted it touched the green zone, but will go any higher next time when the market opens?! The gray area is what you call "Ladder Bottom" which it will start to go up as you can see it bounces off the support zone AND the up trend line. The resistance is around 1.32005 thats where most of the bounces happen
Basically it broke through the resist and the trend line last night into the morning so what does that mean?! ITS GOING TO GO LONG OF COURSE. It should hit in the green area or even higher if I were you I would buy this long term or short but most likely if you are a long term trader this will be good for you.
