On 3rd March (Wednesday), I talked about the re-test of the top band of the Flag pattern (exhaustion sign) as majority of the major pairs were aligning the similar setup too. In yesterday's analysis, I expected NU to have further bearish continuation towards 0.7160 minor support zone, which was exactly what the market performed. In today's trading session, I will remain neutral bias due to the current over-extended condition. Preferably, I need to see some sort of pull back or exhaustion pattern to activate further short setups breaching the current minor support zone. Avoid having your targets too far due to the market close tonight.
The higher timeframe picture remains bullish, I'm only trying to capitalize on the short-term bearish sentiment in the market. Stay flexible.
Trade safe.
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The higher timeframe picture remains bullish, I'm only trying to capitalize on the short-term bearish sentiment in the market. Stay flexible.
Trade safe.
Do follow my profile for daily fx forecast & educational content.