I am looking to long gold till 1840 area . feel free to take reference
I will be placing this order on USDCAD today, it seems logical to me. Due to NFP, risk will be reduced dramatically. This is my only trade of the day, good luck traders. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER : Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk...
Hello Traders! Some early price action here. London Open we get to see how it reacts, after dropping quickly away without finding a discount area. Price did not hang around M.O.P for too long as you can see.
Lots of information can be gathered prior to the high impact news events. Look for levels of interest, supply and demands, areas of liquidity etc. The London session always gives clues to where the price is going. We tend to see a lure to trap buyers before the news kicks in and goes in the true direction. Be mindful of this if you are trading NFP next month.
In this video I explain why you should not be afraid to get involved in the market on high impact news days and some tips to avoid losses. This is a review of EU PA on Wednesday and Friday. In-depth look at entries at the end. Please excuse me saying GU in the video I am obviously reviewing EU also, I meant the BFI came back to the wick closing buy orders and...
GBPUSD needs to come down to clear the minor lows and also mitigate the FVG which is conveniently in the Fibonacci discount zone at 1.3250 then we can expect to BUY from there. With the help of fundamentals today we should see that aggressive 80 pip move to that bearish OB marked up there.
as far as I can see, The GBPUSD is going to visit the next support area on the daily time frame, and the pair will reach the support area BEFORE the NFP announcement, I belive it Will hit the TP within next 16 hours. Entrey :- Sell GBPUSD @ 1.34850 TP: 1.34280 SL : 1.35200 Trade carefully and Goodluck
NFP gold Price Rejection from upper trend line to the downside, Can gold Breaks above to drop Below
I personally don't and this idea shows a EURUSD trade I'm currently in. We trade the plan and all the back test data at foot of this idea includes NFP days. Those spikes can be big and some times don't go the way we would like but on news days keep your risk and emotions in check. Trade details for current trade are shown on the chart. We are working the...
NFP so far suggests the Dollar could still strenghten up! If that is the case then i expect the following pairs too.dip AUDUSD GBPUSD EURUSD XAUUSD But lets see as there is a lot of fake news around
Tomorrow morning we get the July jobs report at 8:30a ET. Here are some ideas on how to trade pre-market economic data releases. Hint - you're gonna need to trade futures.
During the last 10 months the correlation of surprises for ADP Nonfarm employment change and Nonfarm payrolls is positive (58%). This means that if we saw a negative ADP nonfarm employment change on Wednesday, we should see a negative nonfarm payroll today. This is however not certain. In fact, the February ADP came out with a -34% negative surprise while the NFP...
This is the 1st part of a video series where I attempt to show you how I am expressing my dollar short thesis
Forecast is strong bullish til QML H4. Becareful if QML H4 (FTR) break, it means it going up til QML daily. TAYOR Follow Money Management
Gold extends early week recovery from March tops to poke 50-EMA ahead of the key US employment data. The expected recovery in the headline Nonfarm Payrolls (NFP), coupled with the forecasts of downbeat Unemployment Rate, keep weighing on the metal prices. However, firmer RSI and MACD’s teasing of bulls may propel gold prices in case of a negative surprise from the...
Hello Traders TGIF, After having our profits shorting XAUUSD, Today low nonfarm payroll data showed US Economy is not ready to reach expected rebound. Gold seemed to finish its correction period and ready to gain momentum to reach my long term targets. Price should stay above 4H MA50 priced 1895 right now. I opened my long position at 1875 and my short term...