Even tho Today is ECB day, and nobody knows what will happen, anyway I have some insights, and trading plan set up!
Market Respected these daily levels back in 04.03.2016 when NFP came out, so who knows we may see it today as well!
NFP Release day Levels - http://postimg.org/image/94lh2rpx3/
My Trading plan is this!
If Pair now falls down to DSSA 1.0955 - 42 without touching Daily Sentiment 1.1012 first, then It is a BUY opportunity and if DSSA holds I will be buying!
If pair now touches the Daily Sentiment 1.1012 and does not break it upwards I will place RISKY SELL on Daily Sentiment level, with SL 15 above it, and TP will be DSSA 0955 level!
If it breaks DSSA level by X pips, we could see further Downward movement! The same rules applies to DSRA.
If pair now goes up Breaks Daily sentiment, then Breaks Sensitive level 1.1052 I will be looking for price not fall below Sensitive level by 23 or 35 pips, if it does fall, then Price could come back down! If it does not, then we could see upward movement to Test DSRA.
All the yellow lines on chart, I call them ROAD BLOCKERS! Place them on your chart on smaller TF, and just look how price respects them in most cases, meaning it can fall down, and stop for a moment on ROAD BLOCKER level, then after some time keep going further! These yellow RB are just for background! If you are interested, be sure to place them on small TF on your chart and monitor!
This is it!
If you have any questions do not hesitate to ask!
Make sure you CLICK THAT LIKE BUTTON, if you Value my Idea, and maybe you will be the one that will get templates like this one for whole month with instructions on how to trade this, with all my calculated levels!
Cheers, my friends!
If market goes down and DSSA holds, I will look for buy, If market breaks DSSA I will look for sell!
If it goes up the same rules apply! Will see! Keeping my hand on NEW order button!