Looking for UJ to bottom out to create a W formation then jump up to catch the supply around the 100 pips topside. However, this seems slightly outside the ADR so it might be shorter to the upside or not complete the 2nd touch at the bottom. If it makes it to the top supply zone, it could potentially induce buyers by breaking a trend line, creating more liquidity. I would also probably wait until it moves out of the box to really decide on the path. But this is a little early as I'm heading to bed.
Making this public just so I can show my work/ideas. Any constructive feedback is always welcome as I'm constantly trying to learn and improve.
Making this public just so I can show my work/ideas. Any constructive feedback is always welcome as I'm constantly trying to learn and improve.