Potential long opportunity
NU is ranging across, forming a descending triangle. It may still range for a bit longer time, however if DXY gives it a breath, it should fly up very promptly.
Currently it still shows very bullish momentum, although with RSI slighly moving below 50. I expect AU to go back up above 0.72 soon.
The current price level isn't worth me taking the risk as NU may still move to the downside if DXY tends to continue rising higher. But I will try a small lot size considering 0.71320 area has formed a firm support on 4H
Entry: 0.71467
SL: 0.71275
TP: above 0.719
Expected Pips: 20-50 pips
Expected Timeline: 1-2 days
---
Disclaimer: Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
Currently it still shows very bullish momentum, although with RSI slighly moving below 50. I expect AU to go back up above 0.72 soon.
The current price level isn't worth me taking the risk as NU may still move to the downside if DXY tends to continue rising higher. But I will try a small lot size considering 0.71320 area has formed a firm support on 4H
Entry: 0.71467
SL: 0.71275
TP: above 0.719
Expected Pips: 20-50 pips
Expected Timeline: 1-2 days
---
Disclaimer: Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
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.