NU Correction Zone (Quick Trade For Long)
The overall trend of NU is bullish , however with the usd dollar , investors are expecting the rate hike (which will not happen this month but after the election , in my opinion).This is why we see some rocket movement on Friday.Also, we see some sight that NZD is facing weekly resistance.
Price is expect is be move within its range , between 0.70xx ~ 0.74xx , until the Fed speaks about the rate.
It will be a quick trade for long when price hits the price correction zone that I drew on the chart. But as always, watch price and action before opening your trade
Price is expect is be move within its range , between 0.70xx ~ 0.74xx , until the Fed speaks about the rate.
It will be a quick trade for long when price hits the price correction zone that I drew on the chart. But as always, watch price and action before opening your trade
Trade active:
Was Long at 0.73115
SL set below the range zone
SL set below the range zone
Trade closed manually:
Almost hit the target , but see some reserve movement , I decide to TP %. The rest will be either break even or hit my target .
