Bullish NFP Inside Bearish Flag (Inside H&S)
I think the market is trying to rally a little bit and form the lower high and the right shoulder.
I placed the 0.5 and 0.66 golden pocket as a general guide to where it COULD pullback to.
That cluster I marked, to me, is a dead give away that is the market's objective and will take that out for a stop run.
I have noticed that the past 12 NFP's have generally been bullish/range bullish and will look for Longs. Funny it gapped up 0.70% upon the Asia open.
I placed the 0.5 and 0.66 golden pocket as a general guide to where it COULD pullback to.
That cluster I marked, to me, is a dead give away that is the market's objective and will take that out for a stop run.
I have noticed that the past 12 NFP's have generally been bullish/range bullish and will look for Longs. Funny it gapped up 0.70% upon the Asia open.
Comment:
Comment:
This was the last NFP, bullish.