Looking for potential Long opportunities out of UJ this week. This is my analysis of how i plan to take this trade.
First and foremost we need to keep in mind, what the DXY is doing. My analysis for the DXY will be included at the bottom.
We seen the DXY short beyond, its multi year lows, Into a new support levels, which have been seen to hold.
Today Monday, 2/5/2017 we have begun to see a reversal. or an attempt at previous structure highs.
We also noticed the adjustment made out of UJ anomaly zone. Which propelled UJ back to the 110.00 price.
UJ resistance zone currently is 110.270. My trading plans illustrates a break of that resistance, will get me involved in the trade. This is the only way ill enter the trade, because my plan, allows me to setup my stops, on the other side of major support.
Chart illustrates my roll limit. And Stops.
First and foremost we need to keep in mind, what the DXY is doing. My analysis for the DXY will be included at the bottom.
We seen the DXY short beyond, its multi year lows, Into a new support levels, which have been seen to hold.
Today Monday, 2/5/2017 we have begun to see a reversal. or an attempt at previous structure highs.
We also noticed the adjustment made out of UJ anomaly zone. Which propelled UJ back to the 110.00 price.
UJ resistance zone currently is 110.270. My trading plans illustrates a break of that resistance, will get me involved in the trade. This is the only way ill enter the trade, because my plan, allows me to setup my stops, on the other side of major support.
Chart illustrates my roll limit. And Stops.
