So we have a valid trendline with 3 points on it, and UJ hit it once more during last Friday. I shorted it for several reasons:
1 - Rejection from trendline
2 - Price filled the gap and then went back down
3 - Price became overbought when it made a LH
4 - Bearish engulfing candle on Friday's close
5 - 1h double top formation with broken support and retest of broken support as resistance
Even so, this trade can go against me, so I only risk 2% of my account as always, on every trade.
1 - Rejection from trendline
2 - Price filled the gap and then went back down
3 - Price became overbought when it made a LH
4 - Bearish engulfing candle on Friday's close
5 - 1h double top formation with broken support and retest of broken support as resistance
Even so, this trade can go against me, so I only risk 2% of my account as always, on every trade.