As you can see here UJ is moving in a clear uptrend printing new Lowerhighs and HigherHighers. it is currently testing its previous LowerHigh which is also at a key zone (the blue ray line). The price has also retraced 0.5 fib level which is also at the retest level of the purple rectangle
. i also drew on a trend line
which clearly shows the direction of the trend on this pair. I expect price to continue printing higher highs and lows until the take profit has been reached. MY stop loss is below the previous lower high and also below the key level and trend line
. This trade is a 1:6 RRR
and there is also many confluences within this long trade on UJ. Lets see how this trae plays out. KEYNOTE: Use my analysis in conjunction to your own and if you take this trade remember to use risk management risking 1-3% per trade!