NU short on H&S and overbought RSI
there appears to forming a head and shoulders pattern on NU. Also RSI and Stoch seem overbought.
Weekly chart showed a bearish pin two weeks ago, and price is now at 50% retracement of last major swing down.
All in all, this seems a nice opportunity to short NU. although there is the obvious risk of FOMC ahead, so small trade size...
TP1 a the neckline, TP2 at 1.618 extension
just my idea, appreciate feedback and or constructive criticism
good luck
Weekly chart showed a bearish pin two weeks ago, and price is now at 50% retracement of last major swing down.
All in all, this seems a nice opportunity to short NU. although there is the obvious risk of FOMC ahead, so small trade size...
TP1 a the neckline, TP2 at 1.618 extension
just my idea, appreciate feedback and or constructive criticism
good luck
Trade ativo
TP1 hit120 pips in the pocket. Stops to BE
Trade ativo
neckline finally broken. pulled stops to just above 0.72 and letting this rideNota
TP2 hit and passed. letting this run at trailing stop
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.