Following on from Fridays Non Farms and the dollar strength, we saw a break and close below previous structure signalling an Trend continuation. I will be looking for a price action retracement back up into my yellow kill zone before looking or a reason which meets my rules to get involved with a short.
As you can see, even if we were to enter the trade as price action touches the previous structure low, it offers a good Risk to Reward.
Looking for a retest of structure to take off some profits.
As you can see, even if we were to enter the trade as price action touches the previous structure low, it offers a good Risk to Reward.
Looking for a retest of structure to take off some profits.