Hello Traders,
It looks like the bigger down move has been delayed because for now this price action is telling me that the last 123 was enough and it completed a corrective structure and was not an impulse to create a new low.
Now I am expecting further up movement to 69.690 / 70.821 range before any chance of reversal.
Thumbs up & follow for more!
Good luck
It looks like the bigger down move has been delayed because for now this price action is telling me that the last 123 was enough and it completed a corrective structure and was not an impulse to create a new low.
Now I am expecting further up movement to 69.690 / 70.821 range before any chance of reversal.
Thumbs up & follow for more!
Good luck
Note
This pair can surprise us and not make the up move we were expecting, especially if NU ends up dump soon. Watch for the corrective flat to be finished (blue line).
Note
Blue line is not the corrective flat. The down move that happened most recently was just to take stops out and now we are continuing for the original forecast above!
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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.