UUE - Looking for a bullish continuationN wave with E, V, N & NT projection.
The price is above the Kumo, indicating a bullish trend.
The Tenkan-sen is above the Kijun-sen, suggesting bullish momentum.
Chikou Span is above the price candles, supporting the bullish outlook.
The price has formed a higher low (A to C), signaling an upward trend.
A breakout above point B would confirm the N wave continuation.
Currently, the price is trading near 0.815, close to resistance but still supported by the NT level at 0.790.
Immediate support is at 0.790 (NT level).
Resistance levels are at 0.860 (N), 0.900 (V), and 0.930 (E).
Enter a long position on a confirmed breakout above 0.820 (previous swing high) with strong bullish momentum and volume.
Place a stop-loss below 0.790 (NT level) or the Tenkan-sen for tight risk management.
Volume: Watch for increasing volume during the breakout for confirmation.
Risk Management: Adjust position size according to the stop-loss distance and risk tolerance.
Trend Reassessment: If the price falls below 0.760 and the Kumo, reassess the bullish bias.
