UJ Analysis - looking for an entry
have been away for a while and not charted anything 'properly' and came across a descending and expanding triangle on UJ that sparked my interest. people say this is a reversal pattern and i wanted to log/see the context and other signals we could read at this stage.
the green 'up' arrows are generally the bullish signals, while the red 'down' arrows the more bearish ones.
I am considering to trade this two ways - one as a long around the bottom of the triangle, and a second - as a short - just above it.
Chances are i'll be stopped out of either or both, hence tight stoploss's are waranted and levels can be defined fairly easily
what do you think?
the green 'up' arrows are generally the bullish signals, while the red 'down' arrows the more bearish ones.
I am considering to trade this two ways - one as a long around the bottom of the triangle, and a second - as a short - just above it.
Chances are i'll be stopped out of either or both, hence tight stoploss's are waranted and levels can be defined fairly easily
what do you think?
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