there appears to forming a head and shoulders pattern on NU. Also RSI and Stoch seem overbought. Weekly chart showed a bearish pin two weeks ago, and price is now at 50% retracement of last major swing down. All in all, this seems a nice opportunity to short NU. although there is the obvious risk of FOMC ahead, so small trade size... TP1 a the neckline, TP2 at 1.618 extension
just my idea, appreciate feedback and or constructive criticism good luck
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TP1 hit 120 pips in the pocket. Stops to BE
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neckline finally broken. pulled stops to just above 0.72 and letting this ride
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TP2 hit and passed. letting this run at trailing stop