Looking at NU on the 4 hr, we have a nice rejection with the pinbar taking out sell side liquidity. We can also observe that price retraced back into the resistance zone before the further push to the down side. Friday Market closed with bearish sentiment.
As such we have a good amount of Fvg that we can potentially target as an entry. Here we have established the .62% as an entry using the fib retracement to target the previous lows.
Now, this trade will be invalid if price fails to stay below the new LH and would make this short invalid. Currently price is testing a resistance as per historical data would present.
As such we have a good amount of Fvg that we can potentially target as an entry. Here we have established the .62% as an entry using the fib retracement to target the previous lows.
Now, this trade will be invalid if price fails to stay below the new LH and would make this short invalid. Currently price is testing a resistance as per historical data would present.
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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.