In the 4HR chart above, I'm showing a couple of possible directions that I think the near term movement may go. Prices have so far moved back into the contracting triangle that I had labeled a month ago and have stayed in there this week. The NFP did nothing to change that. Is it possible that prices could still trace out the triangle? Yes. It is. But for now, the upper and lower of this triangle are back in play and will have a say in what happens next.
DAILY CHART - Adjusted Wave Count + Twp POTENTIAL Bats
I had posted these 2 POTENTIAL Bats more than a month ago. They are still in play and will come more into focus later as prices start moving up.
After a another uneventful NFP, no clear direction short-term has appeared. I am still OVERALL but I do believe there will be some short-term move before a major turn to .
As of now, I am not in any positions on this pair.
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