As seen on the UJ chart we can clearly see that after the previous 4H candle stick was formed, it hit an area of resistance hence the why we can see the exhaustion formed on the candle. If we look back to August 1, 2018 we can see that the exact same area was hit and right after being hit, it respected the resistance line and went short. Also on the 4H chart we can see that the stochastic lines have been trending over the 80% line for just about two days which can also indicate that the markets been over bought. My third reason why this might be a short is because after the previous candle was formed, it respected my trend line which can indicate that we might see UJ go short for a while or possibly consolidate before seeing a potential long around the 112.65 area. My only doubt for this not to go short, is that my Moving Average indicators haven't crossed yet, hence why I've said we can see possible consolidation before seeing movement.
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