$NFP (15m) Bias: Bearish 🔴
$NFP Trade Plan (Safe Short)
Entry: 0.0088–0.0093
SL: 0.0102
TP1: 0.0078
TP2: 0.0070
TP3: 0.0060
$NFP Analysis: The explosive rally to 0.0439 has fully transitioned into a long distribution and capitulation phase. Despite today's strong percentage gain, price remains far below the major high and is only showing a weak relief bounce from 0.0067 support. Unless bulls reclaim 0.0102 with conviction, rallies are more likely to be sold into, keeping the short-term structure bearish.
$NFP Trade Plan (Safe Short)
Entry: 0.0088–0.0093
SL: 0.0102
TP1: 0.0078
TP2: 0.0070
TP3: 0.0060
$NFP Analysis: The explosive rally to 0.0439 has fully transitioned into a long distribution and capitulation phase. Despite today's strong percentage gain, price remains far below the major high and is only showing a weak relief bounce from 0.0067 support. Unless bulls reclaim 0.0102 with conviction, rallies are more likely to be sold into, keeping the short-term structure bearish.