We had an impulsive move down thanks to last weeks NFP, looks like we are in a corrective structure.
This short could be for the wave B down, or we could have already completed the correction and are about to begin the next impulsive move to the downside.
Minimum target NFP low @ 1.50300
Reasons for trade:
- Going with the trend -Consolidations after an impulsive move down -Divergence with AO and Price