Closed some longs earlier today after the NFP. Looking for short opportunities now based on the bearish reaction to the news. It's possible that we completed a subwave 3 of a larger wave 3 (as described in my previous posts) and we're up for at least a retracement now.
Keeping the rest of my longs though, at least until 1.1050-60 and possible until 1.0980 or so...
Looking for short setups with confirmation now to catch a possible retracement though, one is the short triangle breakout, the other could be a fib sell as depicted on the chart.
Several trendlines/channels are there for reference only, not putting too much emphasis on them though.
If the red down channel coincides with a possible touch of the fib though it will add to my confidence for a short at that level; if and when that happens of course...
Keeping the rest of my longs though, at least until 1.1050-60 and possible until 1.0980 or so...
Looking for short setups with confirmation now to catch a possible retracement though, one is the short triangle breakout, the other could be a fib sell as depicted on the chart.
Several trendlines/channels are there for reference only, not putting too much emphasis on them though.
If the red down channel coincides with a possible touch of the fib though it will add to my confidence for a short at that level; if and when that happens of course...
