there is a lot of momentum and it retraced a lot it may just break the high and then retrace a lot. if it does that, then likely a spike up and nfp may be the trigger ...this is nice story to tell your children at bedtime
closed trade lucky not to be stopped out: should have expected a retest of lows but got too excited at a lovely opportunity...never take a trade when there is a single test especially when there is a strong down move my daily money target [1000usd ] reached and now I will be reaching for a beer celebration it is 7.30 pm here
my expectation is that it will do some work here and then break the high.....or it may head down after a little wait ....so it will very clear what it will do..... if it does not go down fairly quickly then it is moving up
a quick move down and a quick move up.. as eur has just done...is a trading range,...at least it should be,imo