Going to hold on to this countertrend trade for just a bit here based upon the hourly, 15 and 5 time frames.
Romik (T) MACD signal along with RSI closing below previous trough. In addition, the early pump up and dump was not a healthy sign.
I have set a sell order for 4499.50. This is countrend in my view and I do not want to watch it like a hawk overnight. Sell stop raised to 4475.50
Technical analysis cannot predict how price will react to NFP tomorrow. It could continue to go down, hit a key area and reverse. It could continue to go down, hit a key area, react and reverse. It could continue to go down, hit a key area and simply breakdown. It could go up, hit a key area and reverse. It could go up, hit a key area, react and reverse. It could go up, hit a key area and simply breakout. It could choose to take stops up and down and chop for a while. The smart play here is to trade after the report is out as per most economic releases.
This perceived trend change was not for today's activity around a report. This was a general trend change on the daily, not the hourly or 5 min. --