UJ is in an ascending Triangle... Break Out Pending
If this market bounces off strike zone 1 or 2, then we up to the top of the triangle, and if it breaks that area, we are looking at no less than 150 pips to the upside.
But since this market is in a downtrend, if it breaks out downwards, we are looking at a Massive 150 to 200 pip drop.
at this point, I am neutral on what will happen until a break out is evident.
Lets watch this pair.
But since this market is in a downtrend, if it breaks out downwards, we are looking at a Massive 150 to 200 pip drop.
at this point, I am neutral on what will happen until a break out is evident.
Lets watch this pair.
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