SELL LIMIT 137.365

UJ is flagging up quite nicely on the 1h timeframe. What do you think?

Stop loss 137.700
Take profit 135.200
1.6RR

Commento:

UJ created a bearish flag where most traders sold the "breakout" of the flag, which actually turned out to be a fake out to liquidate retail buyers from buying the bottom of the "trend line channel" aka "support line" and to liquidate sellers from selling the "fake breakout" of the bearish flag. Price entry targets is still in play as well as profit target levels.