If the current bearish momentum holds, i'm anticipating that price will push down to the daily demand zone where i'll be looking for signs to buy back up to the top of the daily supply zone. Since we are nearing the end of the week, i i i won't be taking anymore trades, but this is my anticipation of UCAD.
For now, i'll stay neutral until i get a solid confirmation of going long then my bias will remain long to the daily supply zone.
Keep in mind that this pair is in heavy consolidation and repeating the same pattern as the previous range of 1.33900-1.32900 before it broke up above 1.34000.
Long term i see bulls, the current political and economical tension is making the market choppy but on a HTF, the monthly clearly shows bullish momentum to the monthly supply level.
For now, i'll stay neutral until i get a solid confirmation of going long then my bias will remain long to the daily supply zone.
Keep in mind that this pair is in heavy consolidation and repeating the same pattern as the previous range of 1.33900-1.32900 before it broke up above 1.34000.
Long term i see bulls, the current political and economical tension is making the market choppy but on a HTF, the monthly clearly shows bullish momentum to the monthly supply level.