Potential Short Sell. This NU idea is for a potential sell, at least back down to the EMA. MOM facing down and preparing to cross below 0. - Bearish Conditions met Stoch is facing down and preparing to cross below the 80 percent line from being overbought. - Bearish Conditions met The orange line is above the blue on Stoch.
AU was confirmed bearish after crossing below the 200 EMA. Bearish conditions met. The MOM was facing down hovering above the price line. Bearish conditions met. The stochastic was facing down, crossed below the 80 percent line and the orange line was over the blue line. Bearish conditions met.
AU was confirmed bearish after crossing below the 200 EMA. Bearish conditions met. The MOM was facing down hovering above the price line. Bearish conditions met. The stochastic was facing down, crossed below 80 percent line and the orange line was over the blue line. Bearish conditions met.
Pay-tience Pays! It took a while but it finally happened. GU broke out of that consolidation phase on the upside and hit my TP 1 of 40 pips with a 1:1RR. Almost a 1:2RR but shy by 4 pips. I am okay with this!