Hello traders,
Taking a look at U/J, we could have a potential short opportunity. Price has been a sideways pattern for some time now and we have retested the blue box (daily structure) for a third time where the bulls are showing exhaustion. On the 1hr timframe you can see a double top forming and I expect the blue box to hold and then a break of structure and retest of the orange (1hr structure) before heading off to the downside. Also, unemployment claims came in at 7k more than expected, although a medium impact fundamental, it could be a catalyst for the move down. I am keeping an eye on this one.
Taking a look at U/J, we could have a potential short opportunity. Price has been a sideways pattern for some time now and we have retested the blue box (daily structure) for a third time where the bulls are showing exhaustion. On the 1hr timframe you can see a double top forming and I expect the blue box to hold and then a break of structure and retest of the orange (1hr structure) before heading off to the downside. Also, unemployment claims came in at 7k more than expected, although a medium impact fundamental, it could be a catalyst for the move down. I am keeping an eye on this one.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.