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$NFP Strong rebound… Bulls defend the $0.011 support
Momentum accelerates after a sharp rebound
Trading setup (buy)
Entry: 0.0150 – 0.0155
Stop loss: 0.0138
Take profit: 0.0168 – 0.0175
The non-farm payroll report showed a strong rebound after a deep decline and a quick recovery from the support area at $0.011.
Prices now form higher lows and strong bullish candles, indicating buyers are regaining control.
As long as $0.014 supports as a support level, the trend remains bullish.
A clean breakout above recent highs could push the price higher.
Stay focused on the support and wait for confirmation before entering.
$NFP