The price reversal zone on this pair is between 0.7180 & 0.7151
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence - 78.60% - 1.414% & 1.618%
Potential targets for the setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 0.7272
Stop loss would be placed below X leg .
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My trading plan doesn't allow me to take trades near NFP due to the timezone my trades are placed.
However, if i am in a position with the news approaching i will leave it to run.
If my position is 50% towards target then stop loss will be rolled to breakeven.
If the position is at breakeven or a loss then i leave the trade open.
Please note this is only a basic outline of my rules that i have backtested using a particular strategy.