NSDUSD resistance zones to short: NU downtrend continuation

Oct 7, 2018

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.

Oct 8, 2018

Note

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.

Oct 8, 2018

Note

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.

Oct 8, 2018

Note

Small short fired

Oct 8, 2018

Note

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

Oct 8, 2018

Note

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

Oct 8, 2018

Note

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

Oct 8, 2018

Note

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

Oct 8, 2018

Note

so far so good, about to drag SL to BE

Oct 8, 2018

Note

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

Oct 8, 2018

Note

* now evaluating this move

Oct 9, 2018

Note

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