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The cash market just opened after the NFP. If you are aggressive the risk:reward is attractive between the .618 and the .786 fib retracements if you want to sell the market and risk 10 points. I've seen this setup a thousand times and the odds are great that the spike higher on March 1 was an exhaustion move. We should at least see an ABC correction from here.
If you're more conservative you wait for a lower low on the daily or for the last swing low to print before shorting.
Patric has a deep understanding of financial markets, risk management and technical analysis. He delivers actionable setups based on technical analysis and market psychology. He also creates sophisticated trade ideas using forwards and options and has a 10-year profitable track record trading fx and energy markets.