OMG...NFP! (Plus a holiday) UJ Views
Like I tell my students, NFP is no joke! Non farm payroll can get a little wild to say the least. The last few months have been a little blah so be careful! Especially since we have a bank holiday as well. I mean think about it, you spend all week getting your nerves up, sweating, saying a prayer before you decide to place a trade and then... NOTHING HAPPENS! Since that's been the case for the last few months... this week may be the haymaker!
For UJ, I feel as if the market is bullish on lower time frames until it hits the weekly trend line area. However, there is a lot of resistance that is being created at a previous weekly level.
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My main focus right now is the 4 hour time frame. Right now, it seems as if it's bullish due to a recent resistance break. If so, I believe it will retrace a bit before it continues up to touch that weekly trend line!! It will be a VERY interesting week! HAPPY TRADING!