D1 frame confirms closing below the disputed zone showing the downtrend continues to extend in the following days
The recovery in the Asian and European sessions can be a stepping stone for a decrease in the US session. Sellers are waiting for high price zones and old breakout zones to sell their goods. The 3271-3273 zone plays an important role in the bearish structure as long as this zone is held by the sellers, the possibility of a price increase is relatively low.
The barrier in the Asian session around 3257 will be where we consider the trading strategy. If the European session breaks this zone, we can buy at the target of 3271-3273. If the US session does not break this zone, SELL breaks it, the downtrend structure is broken and holds the BUY order until 3299. The daily resistance zone will be 3312. When 3371 is not broken, SELL and this is a good Swing signal to 3200. The possibility of a strong sell-off after Nonfarm is also understandable.
Strategy: If it does not break 3257 but falls, wait for the reaction at the border of 3243. When this zone is broken, the trend is broken, then we only SELL. If it increases from 3243, then maintain the above strategy with a better entry.
The recovery in the Asian and European sessions can be a stepping stone for a decrease in the US session. Sellers are waiting for high price zones and old breakout zones to sell their goods. The 3271-3273 zone plays an important role in the bearish structure as long as this zone is held by the sellers, the possibility of a price increase is relatively low.
The barrier in the Asian session around 3257 will be where we consider the trading strategy. If the European session breaks this zone, we can buy at the target of 3271-3273. If the US session does not break this zone, SELL breaks it, the downtrend structure is broken and holds the BUY order until 3299. The daily resistance zone will be 3312. When 3371 is not broken, SELL and this is a good Swing signal to 3200. The possibility of a strong sell-off after Nonfarm is also understandable.
Strategy: If it does not break 3257 but falls, wait for the reaction at the border of 3243. When this zone is broken, the trend is broken, then we only SELL. If it increases from 3243, then maintain the above strategy with a better entry.
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JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.