(NU Trade Setup): Bias is now bearish
news from the FED last week pushed NU and all USD based pairs higher, even breaking many technical levels that wouldn't of been possible without the dovish words from Powell. This is a perfect example of a 'false' breakout. Daily tweezer top
candle (with no wick on the bottom), is a rare situation that we will trade to make money with at this moment.
We are waiting for a break below this ascending trend line
to enter short, for approx. +180 pips to the monthly key level ( MKL
) of 0.67001.
Stop-loss is set at 0.69632.