Price bounced off the weekly demand area last week.
Looks like NFP will be for the dollar this Friday if this structure holds.
Safest to wait for breakout retest departure then enter . Fake break outs are possible and price could turn bearish and turn this into a false structure.
Price could come down from the right shoulder to form a double bottom, that is another possible long setup.
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Looks like NFP will be for the dollar this Friday if this structure holds.
Safest to wait for breakout retest departure then enter . Fake break outs are possible and price could turn bearish and turn this into a false structure.
Price could come down from the right shoulder to form a double bottom, that is another possible long setup.
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