Stochastic oscillator (5,3,3) is slightly above oversold levels (4H chart).
Traders will be paying close attention to Non Farm Payrolls data. Scenario 1:A higher than expected reading (bearish)- support at 78.6%/100% Fib retracement level
Scenario 2: a lower than expected reading (bullish)- A breakout at 61.8% Fib retracement level
Traders will be paying close attention to Non Farm Payrolls data. Scenario 1:A higher than expected reading (bearish)- support at 78.6%/100% Fib retracement level
Scenario 2: a lower than expected reading (bullish)- A breakout at 61.8% Fib retracement level
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.
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.