Is UJ finally reversing or are we in the pullback fase?
I have multiple confluences that we could drop some more this upcomming week.
- Supply zone is in line with a 3th trendline touch.
- The supply zone is an premium area.
- My shorting area lays between the 50 and 61.80 fib level.
The Euro is weak as shit the last weeks so we can say that we are bearish on the EURUSD chart however for some good marked conditioning we must have pullbacks. Because of some internal breaks of structure i knew that we were about to start the so called pullback.
My strategy in this scenario:
- HTF demand/Supply tap
- LTF choch
- Entry zone is last bear/bull...
UJ has been bullish for a very long time. On the htf we broke a previous high so a pullback is needed for some healthy marked conditions. My analsysis for UJ is that we could short within a few days to previous demand. When reached the demand zone we need to wait for an internal break of structure so we can continue the uptrend
Im pretty bullish on EJ for the long run however i do think we could drop some more. It's possible that we could drop further until we reach the previous demand zone i've drawn.
When we reached the demand zone i would like to see some internal breaks of structure because then price is giving us a sign that we could reverse and continue the uptrend.
EURO =...
Is the EU downtrend coming to its end know the ECB has risen the interest rates? Im targeting the 4H previous high and im taking partials on the way up.
Currently 12% up and running
So UJ was in a downtrend for a few days but has some trouble to break the 109.500 level. This could become a double bottom and that means bullish ofcourse!
