NFP to whipsaw for bullish advantage
Typographycal error affected yesterday analysis but i believe you picked the point i was trying to make
Yesterday we expected price to drop down to 106.434 and 106.245 levels, price dropped down to those levels an hour to New York session close, consequently price was reluctant to make a bullish run and with the current prints around that area in a Lower timeframe(LTF) it appears price is waiting for NFP to decide its next direction, NFP most likely will whipsaw by driving price lower and between 105.970 and 105.820 reference levels which coinside with H4+OB (4 hour timeframe bullish orderblock) price at this level or levels should bounce of sharply to the upside with a sharp rejection and continue to drive higher
Note that the inability of the price to take D-OB before driving lower yesterday indicates price is very unlikly to takeout this week's high today.
Also note that 106.434 and 106.245 given yesterday is not completely useless it is still potent enough to drive price higher. Those who already made entry around this area should take the trade to breakeven and wait for NFP.
SUGGESTION
Swingers should aim a long position around 105.970 and 105.820 levels and target 108.00 as profit level.
Follow me for more fundamental and technical analysis.
Yesterday we expected price to drop down to 106.434 and 106.245 levels, price dropped down to those levels an hour to New York session close, consequently price was reluctant to make a bullish run and with the current prints around that area in a Lower timeframe(LTF) it appears price is waiting for NFP to decide its next direction, NFP most likely will whipsaw by driving price lower and between 105.970 and 105.820 reference levels which coinside with H4+OB (4 hour timeframe bullish orderblock) price at this level or levels should bounce of sharply to the upside with a sharp rejection and continue to drive higher
Note that the inability of the price to take D-OB before driving lower yesterday indicates price is very unlikly to takeout this week's high today.
Also note that 106.434 and 106.245 given yesterday is not completely useless it is still potent enough to drive price higher. Those who already made entry around this area should take the trade to breakeven and wait for NFP.
SUGGESTION
Swingers should aim a long position around 105.970 and 105.820 levels and target 108.00 as profit level.
Follow me for more fundamental and technical analysis.
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