My market structure is primarily based off the H4 time frame for this pair. My current bias for UJ is bearish since we have broke structure from last week. Price action broke market structure at 112.625 weekly support line then finding support at 110.850 afterwards coming up to the 111.480 (which is the 38.2%) price then formed a reversal forming another LOWER HIGH. Although movement is relatively slow we should still see TP1 hit and possibly TP2 110.405 at based off structure/Fibonacci.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.