In the previous analysis, I've talked about 0.7721 as area where clusters of SL held and short-term traders' breakout spot, I expected NU to probe below the level with a strong bounce trapping these traders, which was exactly what the market performed. In today's trading session, I will be looking for short-term buying opportunities with 0.7250 minor resistance zone as the initial target. However, be aware that we could expect a bit of range bound condition between 0.7180 - 0.7250 range, but the long-term view remains bullish.
Recently I've been receiving a lot of DMs regarding 'when to buy OR sell'. It is important to know that TV is a healthy and educational community, not a platform for you to look for signals or a definite answer. The only way you can become a consistently profitable trader is to improve your knowledge, no short-cut. Authors here are contributing for the sole purpose of improving the community and help new traders with clearer perspectives in the markets, not spoon feeding you. Have an open mindset, keep striving, keep learning.
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