Hi Traders, hope you had a great bullish reversal setup yesterday. In yesterday's forecast, I expected NU to have a strong bullish reversal at 0.7171 support zone with 0.7740 as the initial target, which was exactly what the market performed. Currently will be looking for short-term selling opportunities if price respects the trendline & 0.7742 minor resistance zone back towards previous swing low. However, if the bullish momentum is strong, a violation of the trendline could lead us back to previous daily high at 0.7310 resistance zone. Do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
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Trade safe.
Do follow my profile for daily fx forecast & educational content.
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