USDCHF: Sellers Trapped Before NFP
The majority of people trading this pair are selling and they have been lured into a sell trap prior to NFP. I believe price will continue to tease sellers before the news release only for buyers to take control towards the end of the day with complete reversals.
Related publications
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.