Price is at a major resistance area, and it failed to make a higher close, multiple times it close below the resistance with long wicks.
What is the probability that it will happen again?
Good shorting opportunity with clean risk to reward
However, by look at the chart, we cant see how market will go, we have to take a look at the DXY index , If DXY crashes, we can see UJ make a lower low to our TP
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
What is the probability that it will happen again?
Good shorting opportunity with clean risk to reward
However, by look at the chart, we cant see how market will go, we have to take a look at the DXY index , If DXY crashes, we can see UJ make a lower low to our TP
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
