broke the chanel to the down side possible could pullback then down will wait and see what happens when it pulls back some rather to enter short or long
once price reach the top of up channel soon or any where in the red sell zone i will start looking for a short position will update later.
the pair is very bearish and is coming up on a major support level that it has not broken in quit some time so so its a great idea to trade the pull back form the .05 area will update from that area.
if nu breaks out the up channel the blue line to be exact then it will proceed to touch the down channel line the bottom purple line to be exact. if price breaks and closes the black trend line down from blue line then pair still bullish. a break out of the trend line down from purple line would mean the pair is bearish. either way a pretty good up is to come...
after a pull back to 61% fib and a retest i will look to long nu again with three possible take profits in place
watch price action around the resistance good setup to look for soon will update once price reaches this area
pull back as now happened imo will shot up from here to .73 area will update from that area