On 3rd March (Wednesday), I talked about the re-test of the top band of the Flag pattern
(exhaustion sign) as majority of the major pairs were aligning the similar setup too. In yesterday's analysis, I expected NU to have further bearish
continuation towards 0.7160 minor support zone
, which was exactly what the market performed. In today's trading session, I will remain neutral bias due to the current over-extended condition. Preferably, I need to see some sort of pull back or exhaustion pattern to activate further short setups breaching the current minor support zone
. Avoid having your targets too far due to the market close tonight.
The higher timeframe picture remains bullish
, I'm only trying to capitalize on the short-term bearish
sentiment in the market. Stay flexible.
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