Currently UC is showing two main patterns which in one case could lead to the same target:
1) Triangle (violet), in this case, due to the multiple rejection at the bottom of the triangle, I will wait to see if breaks out at the top or at the bottom, retest and buy/sell.
2) Downtrend Channel (white), in this case, Pairs will continue to fall.
I'm on the fence actually, having booked profit at the botttom of the triangle and waiting for pattern to exhibit to take decision for the next week.
Gl u all
Not trading advice
1) Triangle (violet), in this case, due to the multiple rejection at the bottom of the triangle, I will wait to see if breaks out at the top or at the bottom, retest and buy/sell.
2) Downtrend Channel (white), in this case, Pairs will continue to fall.
I'm on the fence actually, having booked profit at the botttom of the triangle and waiting for pattern to exhibit to take decision for the next week.
Gl u all
Not trading advice