Non-farm payroll market outlook and trading opportunities
Entered long at the 4285 level in the early morning, and took profit at the 4310 level; this morning decisively reversed to short, currently focusing all efforts on the non-farm payroll data market to capture potential trading opportunities.
From yesterday's overall trend and the performance during the Asian and European sessions, the price experienced a "waterfall" decline, followed by a rebound that is significantly weak. The 4300 integer level has not been effectively reclaimed, and the consolidation period is relatively long, so caution is needed for the possibility of "door painting" fluctuations in the market.
On the daily level, there are signs of increased volume in the bearish candlestick, and the RSI indicator is turning downward. Therefore, the trading strategy from the morning continues: after the non-farm payroll data is released, a high short strategy should be prioritized. The short entry range is around the 4300-4305 level, with a short-term target aimed at 4270, and stop-loss settings executed according to ultra-short-term risk control rules.
