As I have a UJ long in mind, I thought I'd coincide this with Gold
Reason for shorts, other than UJ longs,
1283 staying above weekly support, however slightly rejecting around 50% fib level.
I believe price could come to 1289 to previous weekly resistance and create a bearish flag pattern.
A measured move clone, lines up exactly at the 100% fib, furthermore the 1.27 lines up perfectly with a strong monthly/weekly S&R line.
Target 1 - 1267
Target 2 - 1257 (300 tick trade)
Reason for shorts, other than UJ longs,
1283 staying above weekly support, however slightly rejecting around 50% fib level.
I believe price could come to 1289 to previous weekly resistance and create a bearish flag pattern.
A measured move clone, lines up exactly at the 100% fib, furthermore the 1.27 lines up perfectly with a strong monthly/weekly S&R line.
Target 1 - 1267
Target 2 - 1257 (300 tick trade)