The best buy area in this overall setup comes in 1.2250 - 1.2300 area.
BUT
This will happen in 2 ways IMO:
1- When price will breake some resistances and show uptrend, just to reverse and never really bounce anywhere
2- With an "untakable" quick furious down move and a 40 to 60 pips pinbar in m5 minutes, and some shakes just to clear the area. Typical NFP (or similar event) move
BUT
This will happen in 2 ways IMO:
1- When price will breake some resistances and show uptrend, just to reverse and never really bounce anywhere
Attached Image
2- With an "untakable" quick furious down move and a 40 to 60 pips pinbar in m5 minutes, and some shakes just to clear the area. Typical NFP (or similar event) move
Yesterday was the past
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