In the previous analysis, I expected NU to have a probe at 0.7170 minor support zone due to the clusters of SL (Intraday/ retail traders) below, with strong push towards testing 0.7250 & 0.73 resistance zones, which was exactly what the market performed. I will link them in the comment section below on how reverse psychology plays a role in my trading style.
In today's trading session, I will be focusing on rotational condition with pullbacks towards 0.7270 zone or potentially re-test the 50ema for further continuation upwards. In the long-term I do expect NU to head towards 0.75 level.
Do not forget the overall trend on the higher timeframe remains bullish.
The key trait to become a successful trader is to avoid following the crowd, be an independent thinker.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
In today's trading session, I will be focusing on rotational condition with pullbacks towards 0.7270 zone or potentially re-test the 50ema for further continuation upwards. In the long-term I do expect NU to head towards 0.75 level.
Do not forget the overall trend on the higher timeframe remains bullish.
The key trait to become a successful trader is to avoid following the crowd, be an independent thinker.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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Previous analysis
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