Yesterday we continued our climb in the morning session into new ATH’s. Price action felt very cautious as the market maybe needed a rest day to wait for today’s Nonfarm payrolls.

As we have become accustomed too, headlines dropped that explosions were heard in Iran. Price action then reversed and broke through the IB Low and continued to take out singles left from the prior day. We ended up taking out most of the progress made from Wednesday finding a low of the day below the singles from B-period on Wednesday. We left a bit of a poor structure at the low as well.

Wouldn’t you know it, overnight we claimed back all of yesterday’s move as we set up for the NFP at 8:30am.

Let’s see what key levels to look out for today.