It has performed well and is in short term bull trend. I can see possibly 2 scenarios from here.
1) It test 200 ema and retraces back at 200 ema level and resume the rally.
2) It Test 200 ema and retraces back to its first near term zone that is 0.250 - 0.255 and resume to rally
UPP is at a important test levels which will decide its future moves. I will not take any position on this till the move is confirmed.
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1) It test 200 ema and retraces back at 200 ema level and resume the rally.
2) It Test 200 ema and retraces back to its first near term zone that is 0.250 - 0.255 and resume to rally
UPP is at a important test levels which will decide its future moves. I will not take any position on this till the move is confirmed.
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Comment:
GOod going so i guess its going as per plan no. 1 lets see if it stays above the ema or drops down. No trade till thn
Comment:
This is on my top watch list and i would surely buy this ones it showes good price action at 200 ema...all eyes on you baby!
Comment:
watching it closely it have tested 200 ema and want to go more upside, can see little weakness in todays closing i havent entered the trade yet will wait for the confirmation to go long on this one.