I anticipate consolidation befor the NFP news with moderate drop down below the night lows.
=> move higher on the hills of the NFP news => reversal from higher level to the downside.
It is a highly volatile day today, NFP can bring a lot of other scenarios with it.
=> move higher on the hills of the NFP news => reversal from higher level to the downside.
It is a highly volatile day today, NFP can bring a lot of other scenarios with it.
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 etries>
Note
Ideal retracement for long setup is on the chart.Note
It is end of LHS. I anticipate one more low in the corrective decline and at least on more leg to the upside. I consider that 4pm can bring a substantial move to the downside, it will be better to see what will the price action do at that time.
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Disclaimer
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.