I had already decided to short this pair before realising that this weeks candle closed as a huge doji. (!)
I rode the retracement wave up towards the trendline and the 60fib, and was waiting for a rejection of this area. (yes I do trade NFP)
Both EMA, 60fib, daily res and the trendline are right in this zone and it was rejecting it on the 1H timeframe before it closed below for the day.
In my opinion, the price action from both 1H, 4H, daily and specialy the weekly, I say this will continue to go down next week.
I rode the retracement wave up towards the trendline and the 60fib, and was waiting for a rejection of this area. (yes I do trade NFP)
Both EMA, 60fib, daily res and the trendline are right in this zone and it was rejecting it on the 1H timeframe before it closed below for the day.
In my opinion, the price action from both 1H, 4H, daily and specialy the weekly, I say this will continue to go down next week.
Trade active:
had to re-analyse, got in at 1.71863 and still running.
Will wait to see if we can get an entry at some point.