NFP has been grinding lower for months, printing a clean downtrend on the daily chart. But after that sharp flush below 0.035, price snapped back quickly — a classic sign of capitulation followed by smart money accumulation. The structure now looks like it’s trying to carve out a short-term bottom. The recent bounce off that liquidity zone, combined with a tight consolidation right above support, could be the early stage of a reversal. On setups like this, traders often look for confirmation through higher lows or expanding volume before calling it a true trend change.
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