What to Expect from Tonight NFP? THREE SCENARIOS!
Above shown three different set of arrows (Three Different scenarios )
Scenario 1 (Green Arrows) >WAY better than expected NFP report (Bullish)
Trend line continuation. USDJPY may have a spike and retest before a rejection from the major psychological level of 114.5 before going back down to trend line before retesting again.Breakout will likely to occur.
Scenario 2 (Blue Arrows)> Neutral NFP report
REMEMBER!! MARKET PLAYERS AND TRADERS ALREADY ANTICIPATED A GOOD REPORT. THEREFORE a not so "Neutral" report may be responded with a dovish spike before potentially forming a Head & Shoulder. Neckline is perfectly formed at 50.0 fib retracement.
Scenario 3 (Red Arrows)> Bad NFP report
This will be a perfect disasters for bears. Since MARKET PLAYERS AND TRADERS ALREADY ANTICIPATED A GOOD REPORT, A Bad report will likely tank this pair to the 61.8 Fib Support at 113.3 or even lower. A support turned resistance will either form at the 50.0 fib or 61.8 fib.
Goodluck Fellas!
For my live trades. You could mirror me at cm.pepperstone.com/strategy/66191
Above shown three different set of arrows (Three Different scenarios )
Scenario 1 (Green Arrows) >WAY better than expected NFP report (Bullish)
Trend line continuation. USDJPY may have a spike and retest before a rejection from the major psychological level of 114.5 before going back down to trend line before retesting again.Breakout will likely to occur.
Scenario 2 (Blue Arrows)> Neutral NFP report
REMEMBER!! MARKET PLAYERS AND TRADERS ALREADY ANTICIPATED A GOOD REPORT. THEREFORE a not so "Neutral" report may be responded with a dovish spike before potentially forming a Head & Shoulder. Neckline is perfectly formed at 50.0 fib retracement.
Scenario 3 (Red Arrows)> Bad NFP report
This will be a perfect disasters for bears. Since MARKET PLAYERS AND TRADERS ALREADY ANTICIPATED A GOOD REPORT, A Bad report will likely tank this pair to the 61.8 Fib Support at 113.3 or even lower. A support turned resistance will either form at the 50.0 fib or 61.8 fib.
Goodluck Fellas!
For my live trades. You could mirror me at cm.pepperstone.com/strategy/66191
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.