Hey Guys, We are keeping our bias bullish for UJ over the next few weeks and have identified a potential area where this chart may find a higher low structure level at 113.200. This is based on a support and resistance level which has been tested on both sides and a previous higher high point. We have a target of 114.778 and a stop loss at 112.900 giving us a very good risk reward of 5.26/1.
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Trade has performed very well so far in a short space of time. We have noted small areas of resistance at 114.245 and 114.495 however price should be strong enough to break through and hit take profit.
Well done to our students who analysed took this trade with us!
The Trading Division Team
Well done to our students who analysed took this trade with us!
The Trading Division Team