NSDUSD resistance zones to short: NU downtrend continuation

7 окт. 2018 г.

I am of the opinion that NU along with AU will continue downtrend based on momentum.

But I think they are at or near short term support zones.
I will be looking for a bounce to short.
The red zones are my areas of interest currently.

NOTE: to better see the overlapping numbers on my zones, drag the price scale on right side UPWARDS to magnify.

8 окт. 2018 г.

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Perfect test of first support.
It was not a strong support, but strong enough to stop the drop for now and offer a little bounce. That is perfect! If it bounces to a good resistance zone now, next drop will blow right through this green zone, because support there will have been weakened.

8 окт. 2018 г.

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Now for a test of how weak or strong that support was those two red fib lines will be resistance. If hold, then I will short. If breaks above, then I will wait for higher prices.

8 окт. 2018 г.

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Small short fired

8 окт. 2018 г.

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Jambed Stop Loss and Break Even, lets see if it survives going through that support zone

8 окт. 2018 г.

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First attempt taken out at BE. That support is stronger that I expected :(

8 окт. 2018 г.

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NU approaching first real resistance, watching closely.....

8 окт. 2018 г.

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NU short (small) fired, looks rejecting from 4.236 fib extension in my resistance zone

8 окт. 2018 г.

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so far so good, about to drag SL to BE

8 окт. 2018 г.

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Interesting rejection off top resistance. Perfect entry.
no evaluating this move.

8 окт. 2018 г.

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* now evaluating this move

9 окт. 2018 г.

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NU successively rejected at each red zone.
Maybe it will let me prove my ''weak support'' label was correct after all