Had a great ride on AUDUSD last week, pocketing over 200 pips. (See related idea).
Post NFP, I see the sellers still dominant in the H4 timeframe.
We could see a shark pattern playing out where I will look to short around the PRZ level of 0.7960.
I hope to see some form of extreme volume exhaustion move before this PRZ level before executing my short.
Any longs on Monday open is pretty good in terms of risk to reward, but I will choose to long EURUSD instead of this.
EP: 0.7960
SL: 0.8010 (50)
TP: 0.7630 (330)