In today's trading session, I will be focusing on short-term selling opportunities on UJ due to the strong bearish doji pattern rejecting the 106.10 significant resistance zone, with the RSI extreme overbought condition as confluences. Be cautious that there are many support zones in between if you're looking for a home run/ swing trade. There are 3 support zones that you could pay attention into if price is going down according to my plan (105.60, 104.70 & 103.70). However, If price shows further bullish momentum breaking above 106.22 (yesterday's high), that will invalidate the short setup and expose 106.95 zone as the following resistance.
If you're interested in learning how I've Identified a bullish reversal since 6th January at 103.000 price point, I will link them in the comment section below.
Do not forget the overall trend on the higher timeframe remains bearish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
If you're interested in learning how I've Identified a bullish reversal since 6th January at 103.000 price point, I will link them in the comment section below.
Do not forget the overall trend on the higher timeframe remains bearish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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