NU still has room up to the 618 and it is coming off the 50% fib now. Overbought on daily TDI. They can always drive up more in a smaller diagonal or spike. We may only get a small sell from here, but I am looking for at least a deep retracement (maybe 50-62% of 5 wave possibly much more) from this supply zone on the daily. The risk to reward I'm showing is no bueno, but my stop loss and take profit would change on this according to what it does. Ultimately looking for more pips than what I show...
Comentário:
This is a swing for a deep retracement. You should be small if in the sell and hoping for a reversal by tomorrow. That huge stop loss zone is right above the 618 line so keep in mind a sharp move to break that level and take everyone out producing a large wick is possible, and always the possibility of it just continuing. THIS IS FOREX so manage risk. Always small baby. Risk to reward. Patience and relaxation.