$NFP has gone parabolic after an explosive rally, but this move is starting to look overextended.
After delivering massive gains in a short period, the chart is showing signs that momentum may be reaching exhaustion. Vertical rallies rarely continue forever, and a healthy correction could be the next move as traders begin locking in profits.
Short Trade Setup
Entry: 0.0233 – 0.0240
Stop-Loss: 0.0255
🎯 Targets:
TP1: 0.0210
TP2: 0.0185
TP3: 0.0160
TP4: 0.0135
TP5: 0.0110
Don't chase an overextended move. Wait for confirmation, stick to your plan, and let the market come to you.
Short here 👇🏻
#KoreanWonWeakestSince2009 #CircleRemovedFromRussellGrowthIndexes
After delivering massive gains in a short period, the chart is showing signs that momentum may be reaching exhaustion. Vertical rallies rarely continue forever, and a healthy correction could be the next move as traders begin locking in profits.
Short Trade Setup
Entry: 0.0233 – 0.0240
Stop-Loss: 0.0255
🎯 Targets:
TP1: 0.0210
TP2: 0.0185
TP3: 0.0160
TP4: 0.0135
TP5: 0.0110
Don't chase an overextended move. Wait for confirmation, stick to your plan, and let the market come to you.
Short here 👇🏻
#KoreanWonWeakestSince2009 #CircleRemovedFromRussellGrowthIndexes
