NFP Trading Setup ( A potential 200Pips+){update for Failed GU

1 нояб.

On the 4H timeframe, we've seen a clear structural shift, with price breaking below a significant low on the bullish rally at 1.3000 and further breaching the bullish trendline. Initially, we anticipated price would fill the Fair Value Gap (FVG) above before this breakout, but it moved lower without doing so. Now that we have both the breakout and an unfilled FVG above, our focus shifts to the nearest demand level that could drive price back up into this gap.

In the 4H chart, we’ve identified a demand level to monitor. With the NFP release on the horizon, our strategy will be to target 1.2730. To maximize this move, we could set sell limits at 1.2962 and 1.2938, both of which align with premium prices in the current bearish momentum. Our target at 1.2729 offers a solid 200+ pips potential.

We expect that hitting this target may trigger a rally into the FVG, and based on bearish indications on the daily timeframe, we could see an extended downside move following this rally.

Stay tuned for bi-hourly updates on this setup!