Disliked{quote} Hi Dennis am i right in saying that nfp price usually happens at/around monthly S1 or R1 levels? and once we have got the current monthly nfp high and low where is the price expected to head towards? is it to the previous nfp level or somewhere like monthly S1 or R1? p.s Thanks for sharing this invaluable information of yoursIgnored
That tug of war leaves a watermark. Those levels play out as defended lines. If the Bulls win, they try to take price up to the prior NFP. Visa Versa for bears. So We can play these levels as support and resistance zones as there defended, by prior volume and new orders. And we can use these levels as targets and entry points.
If you refer to prior post you can see how UJ is just a repetition of the last months NFP.
Last NFP I bought UJ at S1 daily is not a constant to get exact low price of the day. It will play out deferent on each initial NFP. This is practice to determine your entry level based on repetition you see.
1