In daily time frame chart, UJ is moving sideway between Resistance 1 and Support 1 but recently it breech the Support 1 and created Support 2. UJ is currently above the Kumo which suggest the price is in bullish territory.
In 4H time frame chart, UJ is strongly bullish and testing the Resistance 1 which was the lowest price in 22-Nov-2009 (Refer Weekly Chart). UJ is above Kumo which suggest trader can consider long rather than short.
Should wait UJ make a pullback before setup a long trade. Trade may want to look at 1H chart to fine tune the long entry.
No comments:
Post a Comment