UCHF is at a critical point! Lets see how it will respond!
I think price will push down at 1.010 white dotted resistance line
This resistance line has held price down since July 2017.
On Jan 10th 2019, there was a 30 minute candle that tested that same resistance price line and it held - buyers hit it hard but could not break it!
The yellow ascending channel has enough room at the top for buyers to give one more push up should they gain control again
I'm expecting price to push down and break the red trend line. The break of this will allow for price to fall to the bottom yellow channel line for 200 pips BEFORE a huge correction and then another drop
This resistance line has held price down since July 2017.
On Jan 10th 2019, there was a 30 minute candle that tested that same resistance price line and it held - buyers hit it hard but could not break it!
The yellow ascending channel has enough room at the top for buyers to give one more push up should they gain control again
I'm expecting price to push down and break the red trend line. The break of this will allow for price to fall to the bottom yellow channel line for 200 pips BEFORE a huge correction and then another drop