DXY had an inside day before NFP, which is normal as the markets are waiting and consolidating. An inside day breakout with the NFP momentum combination is quite a worth noticing spot for today's trading.
Back to the inside bar itself, it is actually a more bearish one as it's at 0.618 retracement and it kinda extended in terms of 8ema, but we can regard the power of NFP more, just like the earnings of stocks, it can be taken as a whole new start of a session, which means if it breaks to the upside, it also worth the long as it's so important!
and issued a pin. do you see price retesting the 50% fib?
Trader_Joe_Lee
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@riche5264, I don't try to predict the market movement; my logic would be more like: if it retests 50%fib, give that the inside bar low hasn't broken yet, I don' t really want to short the pin.