THE KOG REPORT - NFP

THE KOG REPORT – NFP

This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.

Quick KOG Report for NFP after a decent enough week. I have a few key levels here and a huge range which needs to be played with caution. The best trades comes after the event, once they have moved the market to where they want so please play caution if you’re a new trader.

We have a key level of support which aligns with our red box defence level at the 4150-65 region which if held and spiked into can give us the move up to complete the retracement but its that level above of 4210 that is importance. We must breach that level to then go further and attempt that gap around the 4290-95 level which will be the ideal move for bulls.

On the flip, if we do break below, I don’t think I would want to short it, it will simply mean we’ll get a better price to then look at the indicators and get another swing for the long trade.

Level to watch below is 4140, breaching that and I wouldn’t want to attempt the counter trade until we’re below 4000 and see a reversal. Level above is 4250 which is a hurdle!

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As always, trade safe.

KOG