Insights on UOB?
Hey guys!!! I have a sell setup $UOB (U11.SG)$ What do you think?
On the H4, prices are moving below the ichimoku indicator, giving me a bearish bias that prices will drop from sell entry at 29.70 in line with pullback resistance and 61.8% Fibonacci retracement to take profit at 28.52 in line with horizontal swing low support and 61.8% Fibonacci projection. Alternatively, prices could break entry structure and rise to stop loss at 30.45 in line with horizontal swing high.
Entry: 29.70![]()
Take profit: 28.52![]()
Stop loss: 30.45![]()
$UOB 5xLongSG230713 (DHBW.SG)$
$UOB 5xShortSG221201 (DEZW.SG)$
On the H4, prices are moving below the ichimoku indicator, giving me a bearish bias that prices will drop from sell entry at 29.70 in line with pullback resistance and 61.8% Fibonacci retracement to take profit at 28.52 in line with horizontal swing low support and 61.8% Fibonacci projection. Alternatively, prices could break entry structure and rise to stop loss at 30.45 in line with horizontal swing high.
Entry: 29.70
Take profit: 28.52
Stop loss: 30.45
$UOB 5xLongSG230713 (DHBW.SG)$
$UOB 5xShortSG221201 (DEZW.SG)$
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