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EURUSD expected high probability moves in line to NFP reportsJust another Forex trading snack! I’ve mentioned it in chat before... “just before major expected news releases EURUSD usually seeks middle ground.” For most of this week I’ve been long EU, but mid week just before NFP release, I started to look for shorts. Why? Because for years now EUR and other dollar pairs have set their respective high’s or low’s and then moved to a middle of the most recent short trend move. This time was no different. EURUSD jumped off it weekly wedge low 1.09 ish and shot up to close to 1.11 this morning 9-5-19. From there it was an easy as well as a high probability short entry trade. If you have statistics like this which point to high probability moves—that’s an edge! This Friday morning 9-6-19 we will get a move either higher or lower for the EURUSD after the NFP report. So trying to trade that directionally before hand on the news is gambling. Playing the market as I have using known statistical prior to moves or reactions, well, that a higher probability of making money with lower risk. That is also the difference to consistently becoming more successful and patient as a trader. In life as in trading, you either make dust or you eat dust. All the best in your trading. This is not trading advice, but the information is for trading purposes only. If you trade any ideahttps://www.tradingview.com/x/tDPoQRzt/ you assume all risk of loss.
by PipsTradingClub