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.
In HTF we can clearly see that GJ is in an uptrend, so after having done the last expansion, I am waiting for the retracement to the 50% Fibo zone where by coincidence there is an OB, the price will probably reject in that zone and later "attracted" by the OB which has a FVG in the 70.5% Fibo zone (which I call the "Gold Zone"), the price can retract to that zone...
As you can see, EURUSD is in a small retracement of its uptrend, and in this retracement, it is constantly mitigating the supply zones. Therefore, in this current idea, we will wait for the price to reach the supply zone, if it gives confirmation, execute the sell order, and our target is the HTF demand zone.
