Ucad has hit accumulation as the dollar is getting stronger. I spot a good move to the upside here over time.
Confirmations for Accumulation:
Preliminary Support
Selling Climax
Automatic Rally
Resistance
Secondary Touch
Spring
Secondary touch (solidified entries)
Looking for retracement to minor support then a close above EMA (Drawn to represent highs of current trading range)
A close above and a retest at this level can give us a good confirmation for entries as we enter the 50 to 61.8 level on trading range FIB levels.
Expecting a good push once we close above the 61.8 and retest, then will be looking for entries at the LPS IF it has enough demand to break.
Confirmations for Accumulation:
Preliminary Support
Selling Climax
Automatic Rally
Resistance
Secondary Touch
Spring
Secondary touch (solidified entries)
Looking for retracement to minor support then a close above EMA (Drawn to represent highs of current trading range)
A close above and a retest at this level can give us a good confirmation for entries as we enter the 50 to 61.8 level on trading range FIB levels.
Expecting a good push once we close above the 61.8 and retest, then will be looking for entries at the LPS IF it has enough demand to break.
-BLKopalInvestments