After a double bottom and positive NFP report/rekt JPY, we could see a full reversal for this currency pair.
Entry: 116.96
Stop: 116.72
Target 1: 117.9
Target 2: 118.6
A rise to over 121 is actually quite plausible in my opinion
Perfect bounce down from the trendline based on previous highs. Notice Stohchastic DMI turning down from the top at what everyone believes to be the bottom.
Previous two drops were comprised of 7 bars. This one has two so far with plenty of bull noobs to rek. The next bar (purple one) is trending downward, although it hasn't printed in a permanent fashion....