After the impulsive move caused by the NFP, the price left an area with an unmitigated Order Block. The momentum from the NFP move simultaneously caused a FVG. Therefore, my projection is for the price to retrace to the OB zone, which coincides with the 70.5% Fibo zone, to mitigate that area and then continue with the bullish trend.
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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.