NFP Trading Opportunity: High-Risk, High-Reward!
Updated
NFP Trading Opportunity: High-Risk, High-Reward!
For those who thrive on high-stakes trades, the upcoming NFP report presents a compelling setup. This is a #H1 Buy setup with significant potential, but it comes with higher risks due to the NFP data release.
Aggressive Traders: 📈
You might consider jumping into this setup with the expectation of substantial rewards. But beware! The stop loss for this trade might stretch over 150 pips. If you’re willing to take this risk, keep a sharp eye on the #H1 chart.
Safe Traders: 🛡
For those who prefer a more cautious approach, reducing your lot size to 30% of your usual trade size can mitigate some of the risk.
Trading Plan:
Buy Signal: Look for a #H1 bullish candle closing above 2498. Enter long with a stop loss around 2480-2478 and target 150-350 pips.
Sell Signal: If you’re leaning towards a sell, place your sell order with the same 2498 level as your reference. Set your stop loss based on the candle closing—if #H1 closes above 2498, exit your sell position and consider switching to a buy.
🔥 Stay sharp and trade wisely! 🔥
Trade closed: target reached
📉 #XAUUSD #H1 Update 📉
As Shared In morning itself gold
As anticipated, after the H1 bearish close from our marked supply zone, the price action has been quite dramatic. Despite our #H1 closing basis stop loss being set at 2498, the price didn’t reach this level and instead dropped almost 200 pips!
🔥 We had anticipated some upside movement alongside this bearish scenario, but the market took a different turn. We hope you’ve managed to book at least 100 pips from the zone.
Stay tuned for more updates and insights! 🚀💹
Mr K
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
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.