Firstly - apologies for the train wreck mess of a chart ( this is tidiest one sadly ).
Waiting for PA to hit 0.705~ area before shorts. Build up to 20th Jan will be speculative and will wait accordingly until Trump actually announces tax reforms etc etc.
Knowing his ego, I'm betting that he will try push through his agenda but will wait and see
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PA touched bottom area of interest and got pushed back almost immediately. Waiting for retest of same level @ 0.7025~ pending NFP. Personally expecting figure of around high 190k ~ 205k which could be the catalyst for downward move. A figure lower than forecasted of 178K will have mixed views from markets as potential tax cuts not set in stone HOWEVER the Trump rally is running out of steam in equity markets so to spoke and FEDs indicated gradual lifting of rates so a downward spiraling of PA for this pair not likely.
Would be keeping an eye of the green and yellow channels, white channel is for worst case US scenario which I'm not ruling out because TRUMP
Trade active
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Trade triggered 0.7042; keeping SL tight for potential whiplash from NFP. May have entered too early and will be actively micromanaging this trade over NFP.