Long
Where is NATTY going next?
Huge sell of occurred after breaking it's previous support, turned resistance.
I'd be looking to buy of the resistance @ around 2.050 with the aim of it reaching the broken support.
If it finds resistance there then we might see a H&S pattern emerge which could be severely bloody.
With recession peaking over the corner, this could well play out.
Just my thoughts, not trading advice. Trade at your own risk. NATTY can be expensive.
I'd be looking to buy of the resistance @ around 2.050 with the aim of it reaching the broken support.
If it finds resistance there then we might see a H&S pattern emerge which could be severely bloody.
With recession peaking over the corner, this could well play out.
Just my thoughts, not trading advice. Trade at your own risk. NATTY can be expensive.
Trade closed: target reached
Target reached.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.