In the previous analysis, I expected NU to have further sell-off breaking below 0.7160 minor support zone, which was exactly what the market performed. In today's trading session, I will remain neutral bias. Two scenarios that I'm looking at
1. As there was a strong bullish pin-bar rejecting the 0.71 support zone, I will be observing the price action if there's any tight range/ consolidation indicating potential push towards 0.7240 minor resistance zone (Bullish)
2. To activate any short setups, I'll need to see 0.7105 minor support zone clearly violated (Bearish)
The higher timeframe picture remains bullish, stay reactive.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. As there was a strong bullish pin-bar rejecting the 0.71 support zone, I will be observing the price action if there's any tight range/ consolidation indicating potential push towards 0.7240 minor resistance zone (Bullish)
2. To activate any short setups, I'll need to see 0.7105 minor support zone clearly violated (Bearish)
The higher timeframe picture remains bullish, stay reactive.
Trade safe.
Do follow my profile for daily fx forecast & educational content.