NFP trade idea
The upcoming NFP and Canada Unemployment rate are the catalyst for friday's movement.
My bias is toward the USD, NFP is expected to have a positive data in favor of the USD.
Trade Idea
Buy Entry: 1.2120
TP 1.22050
SL 1.20900
Buy Trigger
Move catalyst NFP expected to have positive data for USD
Price supported by EMA 20 pointing up
Risk Reward Ratio 2+
Stop loss at 1.20900 a break in this level could take the pair down to 1.2000 level
The upcoming NFP and Canada Unemployment rate are the catalyst for friday's movement.
My bias is toward the USD, NFP is expected to have a positive data in favor of the USD.
Trade Idea
Buy Entry: 1.2120
TP 1.22050
SL 1.20900
Buy Trigger
Move catalyst NFP expected to have positive data for USD
Price supported by EMA 20 pointing up
Risk Reward Ratio 2+
Stop loss at 1.20900 a break in this level could take the pair down to 1.2000 level
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.