This is how I fade the NFP news.
I wait 15 minutes (I watch the 5m chart) for the dust to settle then I trade the pair in the opp. direction. Stop is 1 pip below the swing low. Target is the open price of the first bar. I am currently in this trade.
Will price get back to 1.08406 before I get stopped out? Thats the question. TIme to wait and see.
I wait 15 minutes (I watch the 5m chart) for the dust to settle then I trade the pair in the opp. direction. Stop is 1 pip below the swing low. Target is the open price of the first bar. I am currently in this trade.
Will price get back to 1.08406 before I get stopped out? Thats the question. TIme to wait and see.