EASY PRICE ACTION ANALYSIS AHEAD OF NFP! WAIT FOR CANDLE TO BREAK ABOVE THE MAJOR RESISTANCE OR BELOW THE MINOR SUPPORT. THIS IS AN EASY SETUP!
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SO FAR WE HAVE SEEN THAT PRICE DID NOT BREAK THROUGH THE MAJOR RESISTANCE AT 125300, WE SAW A BREAKOUT TAKE PLACE TO THE DOWNSIDE. PRICE IS NOW HEADING IN CONSOLIDATION, AND WE WILL FIND OUT IF PRICE WILL EITHER BREAKOUT TO THE UPSIDE, RETESTING THE 125300 RESISTANCE, OR CONTINUE TO DROP FUTHER TO THE DOWNSIDE, TOWARDS LEVEL 12300. THOUGHTS???
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So as we can see we finally had a breakout out of consolidation, and no price is looking to retest a major resistance level at 1.25300. Wait for price to reach this area for a good risk to reward opportunity for a strong buy or strong sell