finally breaking past LHs and transitioning into an uptrend i see a good long opportunity around previous resistance, a key support or resistance level based off the H4 Chart, as well as a 38.2% fibonacci retracement lining up in the same zone. considering that UJ is a fast pair, if price can continue pulling back and respect this area, i expect an aggressive push to the upside finding new highs. keep in my mind that my stop loss is only anticipated. if this move does play out it will be below the HL forming in this zone. Good luck!
Commentaire:
The gap on this pair was not expected but i am still looking to get long on a fibonacci retracement.