Hi people welcome to team DECRYPTERS
Today we will discuss nfp trade plan
" TECHNICAL ASPECTS "
-- initial bullish strucutre
-- bouncing from 0.618 fibo
-- bouncing from 200 daily ema
-- SMC involved (recent smc reversal as j-s)
--Bearish harmonic pattern forming
(last leg remaining to the up side )
--0.618 fibo level target
-- VIX 21 % up side (expecting reversal)
--DXY liquidity grab done , now expecting move to the down side
--LASTLY , tomorrow is Friday
" FUNDAMENTAL REASONS "
-- Last NFPdata was up 50% - 60% of avg nfp data( 300k)
-- if we look at pump ( we should expect some retracement)
--thursday unemployment data shows more people un employedmeaning less people at nfp so expecting less data.
Today we will discuss nfp trade plan
" TECHNICAL ASPECTS "
-- initial bullish strucutre
-- bouncing from 0.618 fibo
-- bouncing from 200 daily ema
-- SMC involved (recent smc reversal as j-s)
--Bearish harmonic pattern forming
(last leg remaining to the up side )
--0.618 fibo level target
-- VIX 21 % up side (expecting reversal)
--DXY liquidity grab done , now expecting move to the down side
--LASTLY , tomorrow is Friday
" FUNDAMENTAL REASONS "
-- Last NFPdata was up 50% - 60% of avg nfp data( 300k)
-- if we look at pump ( we should expect some retracement)
--thursday unemployment data shows more people un employedmeaning less people at nfp so expecting less data.