UC end of retracement resume uptrend

23 Kas 2022

I saw a very opinionated user in the forex chatroom who's holding a short position on this pair, saying that a) it's on a downtrend and b) it's heading towards 1.3000 level.

Although I've never traded this pair before (I'm more of a GBPJPY guy), upon opening the chart and doing some analysis, it made me have a bullish bias and I think it's going back up to make a new high towards the 1.3490 level instead.

Personally I'm not taking this trade since I'm not familiar with UC, but I just wanted to publish my view and have a shot at picking the bottom of a supposedly UC retracement.

I normally post Ideas on GBPJPY, check them out if you like trading this pair

23 Kas 2022

İşlem kapandı: durdurma seviyesi

SL hit. This one failed. I'll try to do better and be more accurate next time