$NFP Ready for Another Sharp Drop as Bearish Rejection Takes Control 📉
Trade Setup: Short
Entry Zone: 0.0138 – 0.0155
TP1: 0.0115
TP2: 0.0092
TP3: 0.0068
SL: 0.0172
After an explosive rally, $NFP has printed a strong bearish rejection with aggressive selling pressure, indicating the pump is losing momentum. A break below the current support zone could trigger further profit-taking, making a short setup favorable while price remains below the recent rejection area.
Trade Setup: Short
Entry Zone: 0.0138 – 0.0155
TP1: 0.0115
TP2: 0.0092
TP3: 0.0068
SL: 0.0172
After an explosive rally, $NFP has printed a strong bearish rejection with aggressive selling pressure, indicating the pump is losing momentum. A break below the current support zone could trigger further profit-taking, making a short setup favorable while price remains below the recent rejection area.