after a deeper correction, we back to follow the bigger trend
Love EMA so much and I love to throw them away from EMA
It broke trendline, might do some pullback and go down again
I would expect reaction at the trendline (bottom channel) move towards 1.60000 . Expectation is H&S forming then a longer term downward move continue. So I would wait for price to hit trendline and see how it react.
This pattern seems very obvious where we should trade from right tip taking short position. Hope it would work out Good luck
Its already started uptrend and I am looking for some retracement, if some pullback happen as plotted , I would take long trade
Wait for confirmation: a decisive bearish candle on 1HR chart
After that bull push, still continue pushing up , I would assume once it reaches previous resistant, NU would show some reaction where we can look for short opportunity.
Price bounce from EMA , following my rule for continuation of this long uptrend possibility
H&S is forming and resistant confirmed on 1HR chart
Has not found resistant, so stay long until we see resistant followed by impulse to downside
It is on weekly resistant, it might be a retest before breakdown. Don't apply tight stop loss as a squeeze to resistant most likely happen
Resistant finally confirmed and time to go short
If you want confirmation, wait until price break neckline, for me , I take when the risk is small