I anticipate small move downside first => move up around the 8.30 NFP news. => downside into the the Thursday dealing range (without breaking lower of the Thursday's low).
NFP can bring more volatility and other scenario. Highly risky day ahead.
NFP can bring more volatility and other scenario. Highly risky day ahead.
Note
Initial reaction to NFP to the downside => I anticipate more upside =>new high of the day. It is time to look for the downside retracements for long entries>
Note
Ideal retracement is on the chart. I would like to see at least couple of candles 1m TF to show respect to the level.Note
Anticipate one more low => more upside into the 4pm. There is a risk of reversal around 4pm.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.