DislikedThe UJ is is not a currency I have ever traded. Late yesterday afternoon spotted a strong candle breaking through the DO on 30min chart checked 4hr and price moving away from 200ema. Figured I might try for a quick 20pips to 118000. Traded 2 lots. Banked half the trade @ 117765 as price was stalling. Then decided to move to higher time frame and leave the balance on with a 25pip trailing stop (never ever used trailers before) usually am aiming for 25/50 pips. Trade finally stopped out this morning. First time I have managed to move up the time frames...Ignored
Good trade! Welldone.
UJ has some way down to go.
Yesterday, it reacted at 117.80, and now push lower.
Next level to watch is 115.75 as price is in a falling channel that may push lower.
The TDI MBL is showing a negative momentum and until that level-off we will not see a bullish return to the Primary Trend.
The 50EMA has caught up with the price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett