We can observe that price is pulling back after fed speech caused us to fall off a cliff. This was expected. A Bullish Argument would be buy Daily Support as we reject 1.05428 and NFP data tomorrow will catapult us back up to 1.0646. My bias remains bearish because of the weekly timeframe. Price has corrected 40% of the move on Tuesday. If that is a deep enough retracement or not idk. What matters for me as a trader is good RR Ideas and operating off key levels.
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Bullish Scenario Played out Which was described in the
Description . NFP data taking us back up to 1.0646
Description . NFP data taking us back up to 1.0646
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We could potentially keep pushing to next zone Daily level 1.0686
