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Hey Traders
I made 60+ pips on a UJ short.. here are the details
Pair Assessment Daily Timeframe - UJ currently in a Bear retracement mode after testing and respecting a daily resistance level 113.148. it then proceeded to make a lower high (LH).
It then made a strong bull move to apparently retest a newly formed resistance area 111.458. Failed, formed a reversal candle stick pattern (4hr chart)
Trade taken at this area with SL set above the new resistance area..Trade was successful
I made 60+ pips on a UJ short.. here are the details
Pair Assessment Daily Timeframe - UJ currently in a Bear retracement mode after testing and respecting a daily resistance level 113.148. it then proceeded to make a lower high (LH).
It then made a strong bull move to apparently retest a newly formed resistance area 111.458. Failed, formed a reversal candle stick pattern (4hr chart)
Trade taken at this area with SL set above the new resistance area..Trade was successful
