The NU is at the top of its descending channel on the daily chart and has printed a reversal pattern on the 4h as well as a close below the area of indecision on the pattern itself.
.70, .69, and .6715 have all gone un-retested so those will be the levels I’ll watch as profit targets on each break lower.
Current SL is .7125
Here’s the chart:
Click to enlarge
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Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at FXStreet.com and heads "The Human Element" a blog dedicated to trading psychology at ForexMotion.com Want to know more? She was recently profiled in "FXStreet.com's Women in Forex" Series.
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