I expect the price to:
a) Either move towards this reversal point before NFP and make a sharp move downwards as the news hits the market
b) make a downwards move before NFP and make sharp move upwards to hit the zone soon after the news.
So depending on the pre-NFP price movement, the zone marked in red will either be my entry point or the target.
Marked in light blue is the range below and above the projected . Any movement outside the range, I will be on the sidelines. In which case I will be back to the drawing board.
What are your thoughts?