So Friday NFP was very interesting, massive liquidity wick to the low 1920s before price pushed above the range from Thursday and ended up closing at 1942
Price rejected the area of rejection we marked out the day before and we are currently looking for the retest of the 1950 level before a continuation down, which is in line with out analysis so all in all, so far so good.
What are we expecting this week? Asia session should see price move up before we range and potentially move down later in the week, we have CPI news to come on Wed/Thu and PPI on Friday so we will have a lot of catalysts going on.
Updates to follow, but overall bias is bearish for me.
Price rejected the area of rejection we marked out the day before and we are currently looking for the retest of the 1950 level before a continuation down, which is in line with out analysis so all in all, so far so good.
What are we expecting this week? Asia session should see price move up before we range and potentially move down later in the week, we have CPI news to come on Wed/Thu and PPI on Friday so we will have a lot of catalysts going on.
Updates to follow, but overall bias is bearish for me.