Setting a stop to go long on NU

٢٩ يوليو ٢٠١٩

Changing economic conditions have created new waters for a short term reversal, and I'm aiming to buy that correction. On the technical side were sitting at the bottom of a channel, are seeing divergence on the RSI, and price seems to have found support during today's (29/07/19) london session. Also not against the idea that we've just completed the D point on a bullish harmonic. On the fundamental side we're looking to capitalize on investor worry as the USD loses steam ahead of FOMC meeting. Earnings season is loosing steam, and other commodities are sitting tight just waiting for investor money to pour into them out of the dollar.