NU has been moving sideways yesterday. In today's trading session, I will be focusing on short-term selling opportunities. As the market is currently forming an exhaustion pattern, the best way to trade it is to simply follow the flow, an entry at the top band is much preferred. Ensure you measure the Risk-to-Reward if you're looking to short the market, RR must always be the number one concern before you place any position. 0.7160 area is the closest support zone.
However, do not forget the higher timeframe picture remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
However, do not forget the higher timeframe picture remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.