Good Morning traders
Today we have the non farm payrolls coming out, For now I have my eye on GBPUSD, expecting the volume to carry GBPUSD lower, Price is trying to break support, We need to see price break and close blow current m30 support and then retrace and reject before we can consider selling,
My 1st target is at 1.25550 where I will secure most of my positions and leave the rest to continue, We have a clean range if around 34 pips so we could see price give us the push down with minimal struggle,
I will be closing the trade before NFP should price fail to continue the push to the downside, again, we have to wait for the m30 candle to break and close below the 125.630 mark
Happy trading,
Renaldo Philander
Today we have the non farm payrolls coming out, For now I have my eye on GBPUSD, expecting the volume to carry GBPUSD lower, Price is trying to break support, We need to see price break and close blow current m30 support and then retrace and reject before we can consider selling,
My 1st target is at 1.25550 where I will secure most of my positions and leave the rest to continue, We have a clean range if around 34 pips so we could see price give us the push down with minimal struggle,
I will be closing the trade before NFP should price fail to continue the push to the downside, again, we have to wait for the m30 candle to break and close below the 125.630 mark
Happy trading,
Renaldo Philander