With this falling wedge, UJ managed to trade all the way down to the extreme last high pre-break of the hourly level, pop up and out of the wedge, and has already come back for a rounded retest of the wedge resistance. I almost longed the close of the opening candle for the day but it did not satisfy Hammer criteria. Also had my eye on this pair during the EU trade as they are inversely correlated. Trading this pair while the other trade was open would have taken me over my set risk parameters. Also didn't see specific price action to trade.
Komentar:
Inverse H&S on the chart all in conjunction with the wedge, will be interesting to see what happens at the neckline (108.723).