Firstly, I would like to highlight the breakout even from last sideway zone 1806-1809. The price gain momentum and going down almost immediately to 1797.88 before making pullback and close below the sideway zone. This show that now, the price will looking for the nearest resistance before continuing its journey to our buy zone.
And as for now, after the price making retracement at the 1806-1809 zone, the price go to our SND Zone for buy which is the yellow zone, 1798.51-1800.48. and now its playing around the zone for quite several times today (See H1). I am expecting the price to hit the lowest nearest support at Super Low Risk by NFP today.
MY PLAN FOR NFP?
1. If the price still around this zone (1798.51-1800.48), I will looking for breakout and scalping for sell with closest target @ 1796-1794. Second TP would be to Super Low Risk zone @ 1790- 1793. And the we are looking for buy in the zone. But to trade at first TP area for buy position is quite risky because of price momentum during NFP, thus i suggested to wait the data and also for super low risk zone.
2. If the price already went down, we just wait for retracement in the SLRZ (super low risk zone) or LRZ (low risk zone), depend on the timing, momentum, and price action.
Most important not to hold your position for too long. Just take your profit if Full Margin around 20-30 pips, or maybe take control manually your trade to avoid big losses.
Anyway, NFP is a very high risk and volatile trading, thus manage your capital wisely. Its an event for going big or go home. If you have some willing to lose money without any regret, this is your time.
If there is any opinion regarding my idea, you guys can comment and we will discuss different view regarding our market today.
Best of luck guys.
-EraBiru, HXF Academy-
HXF FX
And as for now, after the price making retracement at the 1806-1809 zone, the price go to our SND Zone for buy which is the yellow zone, 1798.51-1800.48. and now its playing around the zone for quite several times today (See H1). I am expecting the price to hit the lowest nearest support at Super Low Risk by NFP today.
MY PLAN FOR NFP?
1. If the price still around this zone (1798.51-1800.48), I will looking for breakout and scalping for sell with closest target @ 1796-1794. Second TP would be to Super Low Risk zone @ 1790- 1793. And the we are looking for buy in the zone. But to trade at first TP area for buy position is quite risky because of price momentum during NFP, thus i suggested to wait the data and also for super low risk zone.
2. If the price already went down, we just wait for retracement in the SLRZ (super low risk zone) or LRZ (low risk zone), depend on the timing, momentum, and price action.
Most important not to hold your position for too long. Just take your profit if Full Margin around 20-30 pips, or maybe take control manually your trade to avoid big losses.
Anyway, NFP is a very high risk and volatile trading, thus manage your capital wisely. Its an event for going big or go home. If you have some willing to lose money without any regret, this is your time.
If there is any opinion regarding my idea, you guys can comment and we will discuss different view regarding our market today.
Best of luck guys.
-EraBiru, HXF Academy-
HXF FX
Trade closed: target reached:
NFP Update.
Whose put buy position in SLRZ during NFP, I believe we already hit TP around 20pips as per suggested earlier in less that 5min after news before the price get the sell momentum.
Now the price break our last buy zone, we are waiting for retracement at the SNR. We are looking for sell now. And to those whose familiar with BB. we can also see the price already reach lower BB. This will be as always big price movement after this.
Thanks guys for your support.
Happy trade all.
I will update GOLD chart analysis this weekend. If you require any other currency, hit me up in the comment.
-EraBiru, HXF Academy-
HXF FX
Whose put buy position in SLRZ during NFP, I believe we already hit TP around 20pips as per suggested earlier in less that 5min after news before the price get the sell momentum.
Now the price break our last buy zone, we are waiting for retracement at the SNR. We are looking for sell now. And to those whose familiar with BB. we can also see the price already reach lower BB. This will be as always big price movement after this.
Thanks guys for your support.
Happy trade all.
I will update GOLD chart analysis this weekend. If you require any other currency, hit me up in the comment.
-EraBiru, HXF Academy-
HXF FX
