UJ has been on what I called a phase-3 impulse, where the upwards momentum is just grinding and chugging. In today's trading session, I will remain neutral bias. Two scenarios that I'm looking at
1. Some sort of sideways movement forming a buildup zones, signal an early breakout sign. Preferably having a short-term EMA to add an additional confluence if you're looking for breakout setups (Bullish)
2. If there's a sudden sell-off back within the ascending channel, that could signal a fakeout scenario (Bearish)
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. Some sort of sideways movement forming a buildup zones, signal an early breakout sign. Preferably having a short-term EMA to add an additional confluence if you're looking for breakout setups (Bullish)
2. If there's a sudden sell-off back within the ascending channel, that could signal a fakeout scenario (Bearish)
Trade safe.
Do follow my profile for daily fx forecast & educational content.