NSDUSD resistance zones to short: NU downtrend continuation
Diupdate
I am of the opinion that NU along with AU will continue downtrend based on momentum.
But I think they are at or near short term support zones.
I will be looking for a bounce to short.
The red zones are my areas of interest currently.
NOTE: to better see the overlapping numbers on my zones, drag the price scale on right side UPWARDS to magnify.
But I think they are at or near short term support zones.
I will be looking for a bounce to short.
The red zones are my areas of interest currently.
NOTE: to better see the overlapping numbers on my zones, drag the price scale on right side UPWARDS to magnify.
Catatan
Perfect test of first support.It was not a strong support, but strong enough to stop the drop for now and offer a little bounce.
Catatan
Now for a test of how weak or strong that support was Catatan
Small short fired Catatan
Jambed Stop Loss and Break Even, lets see if it survives going through that support zone Catatan
First attempt taken out at BE. That support is stronger that I expected :( Catatan
NU approaching first real resistance, watching closely..... Catatan
NU short (small) fired, looks rejecting from 4.236 fib extension in my resistance zone Catatan
so far so good, about to drag SL to BE Catatan
Interesting rejection off top resistance. Perfect entry.Catatan
* now evaluating this moveCatatan
NU successively rejected at each red zone.Maybe it will let me prove my ''weak support'' label was correct after all
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