Find a pair price is close to 50 sma. If news is weak dollar then price will rise through 50 sma to 100 sma.
Comment:
correction - my buy stop is at 1.1680
Comment:
2 options on SL for NFP
1 - If you are taking the trade at the time of the news with a buy/sell stop then use a trailing stop of 10 to 20 pips. (todays trade)
2 - If you are taking the trade after the time of news (15m, 30m 1H) you will see a new candle that will create a mini swing high/low close to price that you can put the SL behind.
1 - If you are taking the trade at the time of the news with a buy/sell stop then use a trailing stop of 10 to 20 pips. (todays trade)
2 - If you are taking the trade after the time of news (15m, 30m 1H) you will see a new candle that will create a mini swing high/low close to price that you can put the SL behind.
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