KOG Report – NFP
This is our view for NFP today, 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 can cause aggressive swings in price.
We're going to keep this one simple. Extreme levels are on the charts, we're looking for a slight correction on the move, however, this is Gold! If this spikes up we'll look at the resistance levels for a test on a short and we'll look at the support levels for our exits or partials. Breaking the 1825 level will take this higher! Now, the ideal scenario, we want to see this tap into the lower levels and bounce before aggressively taking out 1800! Therefore, again, we'll use the extreme levels, preferably the lowest key level support for a base and then we'll look to take this up.
We've already come up to our target with this so if we don't get the levels we'll stay out of it. The trade will come after the release, let the move it to where they want to take it, it will take liquidity if it wants to, that's when you look for the setup!!
Chances are we hardly move. Let's see how it plays out.
As always, trade safe.
KOG
This is our view for NFP today, 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 can cause aggressive swings in price.
We're going to keep this one simple. Extreme levels are on the charts, we're looking for a slight correction on the move, however, this is Gold! If this spikes up we'll look at the resistance levels for a test on a short and we'll look at the support levels for our exits or partials. Breaking the 1825 level will take this higher! Now, the ideal scenario, we want to see this tap into the lower levels and bounce before aggressively taking out 1800! Therefore, again, we'll use the extreme levels, preferably the lowest key level support for a base and then we'll look to take this up.
We've already come up to our target with this so if we don't get the levels we'll stay out of it. The trade will come after the release, let the move it to where they want to take it, it will take liquidity if it wants to, that's when you look for the setup!!
Chances are we hardly move. Let's see how it plays out.
As always, trade safe.
KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
