As we get ready for a new trading week and the markets opening later today let's have a look at our current trading range.
Here is how I am currently seeing the market for this NFP (Non Farm Payroll) week. I would expect some nice moves for this week as we usually get during these highly manipulated numbers week so let's see where the market could go.
We have currently taken the buyside liquidity and are currently trading at all time highs. From a technical standpoint we could keep on going higher as nobody knows where or when the top will be formed. Until we get a reversal we can expect prices to continue on breaking higher.
As long as we do not close back within the HTF range.. bullish plays should be favored. Any clean close within the range and we should start hunting the sellside liquidity quite aggressively.
Our task will be to PLAN... BE PATIENT and WAIT FOR THE MARKET. Only then should we TAKE POSITIONS.
Considering the Non Farm Payroll numbers on Friday and the other numbers coming out during the week with the FOMC press conference on Wednesday we should have a nice and volatile few days for the end of January and first few days of February.
As noted multiple times previously I expect us to get some cleaner pa after the second week of February as per usual.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Here is how I am currently seeing the market for this NFP (Non Farm Payroll) week. I would expect some nice moves for this week as we usually get during these highly manipulated numbers week so let's see where the market could go.
We have currently taken the buyside liquidity and are currently trading at all time highs. From a technical standpoint we could keep on going higher as nobody knows where or when the top will be formed. Until we get a reversal we can expect prices to continue on breaking higher.
As long as we do not close back within the HTF range.. bullish plays should be favored. Any clean close within the range and we should start hunting the sellside liquidity quite aggressively.
Our task will be to PLAN... BE PATIENT and WAIT FOR THE MARKET. Only then should we TAKE POSITIONS.
Considering the Non Farm Payroll numbers on Friday and the other numbers coming out during the week with the FOMC press conference on Wednesday we should have a nice and volatile few days for the end of January and first few days of February.
As noted multiple times previously I expect us to get some cleaner pa after the second week of February as per usual.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
