Although this pattern did NOT hit full target of $111.479 it looks to be in full retrace mode. In combination with multiple candle formations I'm looking for at least a retest/pause of noted confluence, and a push for $108.3. If we hit that area I will re-evaluate. My area of risk would be about $110.6-75 (tolerance dependent, close or breach).
Note
Low NFP really drove this through the target, then the floor. Closed & time to reevaluate to see if another trade opportunity presents itself.
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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.