Wyckoff Distribution on UJ
I've been shorting UJ on lower time frames due to support and resistance between 127.73 and 128.695 respectively, using supply zones. Usually on 15 and 5 min TF for an intra-day strategy.
I moved onto the 1 hour as I wanted to see the general market structure and what to expect to see. I have marked out several structures which can be recognised in Wyckoff distribution. Of course, this is in the early stages, so I will be watching and keep updating this post on how it plays out, however, we could be seeing the reversal of the huge bullish run presented by UJ.
If anybody has any ideas, feel free to include them below!
I moved onto the 1 hour as I wanted to see the general market structure and what to expect to see. I have marked out several structures which can be recognised in Wyckoff distribution. Of course, this is in the early stages, so I will be watching and keep updating this post on how it plays out, however, we could be seeing the reversal of the huge bullish run presented by UJ.
If anybody has any ideas, feel free to include them below!
Penafian
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