[quote=nittohanns;14375962]{quote} Short term trade maybe as the longer term outlook is short[/quote
UC still sitting at S38 and hasn't met its ADR. Its late in the trading day, FOMC Jefferson may make some comments that affect things but then the market is closed anyway in another 54 minutes. I like it though as a long trade as well for just a small opportunity. I am also bear on the pair.
By looking at the H4 you can see that S38 of UC is a pretty strong support considering that price has been tested a lot throughout march, gonna be on the lookout as my overall bias is bearish as well, but I see a very probable move from the support or adr low to the pivot/adr high and R38.
First post on this thread by the way, long time lurker on the forum and made an account only a couple of months ago, hope to be a contribution to the thread.
Hey John, if you don't mind me asking, where did you get your YH/YL indicator? I searched in the attached files on the thread but did not find it. I have one but it's messed up, as I cannot hide most of the drawn lines (previous year, or month for example)
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