By this analysis, many traders will probably end up losing, but we are looking for a selling opportunity. From the weekly timeframe, we are still bearish, and we perceive the intraday bullish signal as a result of NFP (Non-Farm Payrolls) and trapping retail traders into long positions. We would much prefer to take advantage of the weekly liquidity around 1.08350 (grab) and then start buying in weekly FVG. But waiting for confirmation candle.
Leave a comment below what do you think.
Leave a comment below what do you think.