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I think it should be bias long position.
Because price is higher low.
1 . rsi break new high and look like ascending triangle.
2. Macd higher low
3. Stochastic signal buy.
So i bias long position.
Target rebound i think around fibo 50-61.8% (1150-1157) for closing long position
I assume if price test 1328-1330 maybe price is possibility to reverse again.
Maybe price is forming to Head pattern.
RSI if test 50 level zone, high possibility that price is reverse.
Just only waiting right shoulder for confirming pattern.
Before Non-farm payroll, price is forming right shoulder complete.
Thank you and Good luck
Price look like very consolidation before change to down trend.
I think price is wave c of 2 of downtrend.
My plan will short around 1259 -1261
And target price will be down
1st target 1310
2nd target 1279
I believe it will down to target 2
Now I bias short position because fundamental bias down trend more than uptrend.
Because Nonfarm payroll is very good.
I think Price rebound to be wave 2
Short price 1248-1253 (Fibo 0.5-0.618)
Stop loss when price break high around 1265
If I assume right price continually down to wave 3
1st target price 1317 (Fibo extension 1.618)
2nd target price 1297...
Now i'm waiting pattern again.
Maybe price is forming to consolidate double bottom and price rebound again
Price is rebounded to 1353 (fibo 0.618) and maximum 1363 (fibo 0.768)
It's maybe wave 2 for down trend.
This is my idea. You can recommend.
Price pattern, it is possibility to be head and shoulder
or maybe it is wave 2 of downtrend
Price maybe retrace wave 2 . It is around 1250-1255 (fibo 0.618) for short.
and target close short position around 1311 (1st target fibo 1.618) and 1288 (2nd target fibo 2.618)