I'm already up a lot on NU buy. I do see a possibility for EN to make one more extension when I look at weekly, that's why I marked that level. But structurally speaking I think we should have downside.
Watch for a potential correction and long opportunity off the 200 MA on 4 hr to break high of "A" potentially extending up into the zone (but not in a straight line of course). Refer to my daily swing pattern, as the short is my main idea...
EG created a 7 swing sequence which I would expect it hit equal length to the 1.236 trend fib extension zone. It is currently on a "C" wave of a flat pattern. The "C" wave can continue extending up to 50-62%, but expect another nice short to complete the sequence. Await a sell setup on lower time frame (such as completed 5 wave/ending diagonal).
the "X" wave made a slightly lower high off 200 MA on daily, keeping the swing pattern still valid. Looking at the weekly, should AU continue correcting down, there should still be an uptrend in place and therefore another buy opportunity. Optimal entry for sell was off the 200 MA going off pattern and 4 hour divergence.
Watch out for corrections for buys for USD/CNH to break out to make one more high on 4hr. I at least would expect a 3 wave to break trend line considering this small wave appears to be an impulse wave.