Simple's Green Room

[pennies2007]

Here's a UJ hourly chart showing the longer term trend line break. This particular retest resulted in a slightly higher high but notice where the target is if we look for a full range of movement inside the 2nd box...just above the 106 level which would easily give us our 107 lowside target on the shorts.

Basically, the chart is saying this is the ideal spot to short UJ and hold it for a 107 target. It also aligns nicely with that larger weekly chart at the same key level. So we have the weekly, daily, and hourly chart all showing UJ shorts are the way to play.

UJ Hourly...