Dislikedis there a reversal coming in on UJ? Volume looks like that. im not quite sure. im a inexpirenced sonicr, who tries to learn. i will keep an eye on this one. {image}Ignored
Look at the Week chart. The week is only half over and look at the current bar, all the way back up to previous highs above the whole number and in the area of RWH/RDH. This is a good place for a reversal, but we can not know how the Robber Banks will manipulate price next.
Look at the M1 chart. Volume is peaking on each upwards thrust, as though the rotten Robber Bank MMs are doing their best to suck in longs at the highs.
There is time and space for this to go a bit higher, and then for good signs of reversal, before taking a short entry. Just look at all the USD high impacts tomorrow. Wherever the MMs put price today, they can best it tomorrow if they want to. And why not? It is already real high, so why not go for a Stop Hunt on shorts before reversing it? Maybe they will take it above the upper half number before all is said and done, maybe even higher than that. A Stop Hunt of shorts that takes the price up to a Double Top on the Week chart,......now that would be something to see!.....and a better place for a Scout short entry if some sort of Stop Hunt on shorts like that happens.