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I got long just before NFP. Yesterday was a prime example of how news events usually setup an OTE pattern either just before, right after, or even during. As you can see above, I wasn't in this trade for long. |
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Yesterday morning's action revealed that the London Open Killzone (currently 2AM-4AM EST) sold the market down to a high probability level of 1.3550 Mid-Figure. |
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There it is. The higher time frame OTE pattern that stopped price dead in its tracks after NFP. If you missed the long before the event, you could have taken a few pips on the short after the event. |
I drew my fib from the 1.3680 level because that swing lower was the swing that indicated
a move lower was coming by breaking the previous fractal low at 1.3628. I set my target as 1.3640 because of the charts just above and because I've had success with
this level in the past.
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