A daily shooter formed in an NFP release day!?
It must be a joke a few years ago, but it did in last Friday.
Not even the NFP was able to break the inside day in Thursday, which made this shooter trade for today very attractive!
What's better, it's only a 40 pips risk daily chart trade, I'm willing to trade both breakout yo!
Let's see how it goes!
Bureau of Labor Statistics reported employment data on Friday. Data on NFP pleasantly surprised “fans” of the dollar. With market expectations + 177K, in fact, came out + 196K. After the failure of the previous data, the level of fear that the US labor market is experiencing serious problems has subsided. But the mood was spoiled by data on the average hourly...
By the looks of the support being created, it looks like NZDUSD will be a buy coming towards to week. This is a cause of NFP's news from last Friday as it began to short. Therefore, we could expect a buy this week for NZDUSD.
Large stop loss ahead of NFP, if price moves in anticipated direction then positions will be added post NFP at key price levels and stop loss will be tightened. If price does break and close below the channel with bearish PA then this trade setup is no longer valid. It is a risk taking this trade as we are trying to predict NFP. However, all price action lines up...
Data on NFP, Brexit and negotiations between the United States and China
Bank of India lowered the rate yesterday, what provoked the sale of the Indian rupee in the foreign exchange market. So those of our readers who followed yesterday's recommendation to buy USDINR should have made good money.
The US and China continue to generate positive news about progress...
Dear Traders all around the world!
Today we're taking a look at the US30 Wall Street Index. Parallel you can use this analysis as confluence for a SPX Short. If you like my work make sure to hit that like & follow button!
Price is currently approaching EQ of our bearish breaker along with daily-RSI approaching trendline-resistance too. Volume is decreasing...
The Financial Times reported that the United States and China settled most of the issues that prevented the conclusion of an agreement. Myron Brilliant, executive vice president and head of International Affairs at the U.S. Chamber of Commerce, said: “The deal was agreed on by 90%.” So the end of the trade wars is getting closer. Such news is extremely positively...
Our Short Setups still remain as explained in our related idea (See links below). However, this post is to explain how the stop loss can be extended to 1.35200 in case of high volatility on the back end of NFP. We will seek bearish PA confirmation around 1.33950 - 1.34500, ideally 1.3400. As this will probably be traded pre-NFP we need space for some volatility....
EUR/USD is struggling close to the 21-month lows.
Upbeat US data, weak EZ data, and also Brexit weigh on the pair.
The pair is entering oversold conditions on the four-hour chart, and this could limit the falls.
EUR/USD is battling 1.1200, not too far from the 21-month low of 1.1176 set in March.
So sentiment is down however BUY TODay
Sometimes the simple trades are the best. Can anticipate a short to retest the breakout of the trend line. We have divergence on multiple time frames.
We can have a buy limit order around 1.12135 with stops around 1.11750.
For those of you that are sleeping, you can always wait for price to reach the trend line and seek bullish confirmation before entering. I...