Going short on the bearish pinbar, taking profit at a previous swing point.
Let me know what you think, have i missed anything?
Added the NonFarm payroll data to try and find some colleration but short term I cannot see any.
Pair is in a bullish sidewards range bound channel. A daily pin bar rejecting the 8 and 21 EMA's has formed. This can be seen on the 4h chart as a bullish engulfing signal. Look to go long on a break of the doji (pin bar) or better still, wait to see if price retraces further towards to 8EMA before entering long as this will give a better R/R.
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