Possible setups for tomorrow after unemployment rate news We have filled the fair value gap from the 15 min TF. US30 has been bullish on the 1h, 4h and 1D Timeframe. Which gives us more confirmation that we might still be bullish. As i said in my last post if trend line was broken we might see a break to ATH, but for that to happen we needed high volume news, yesterday there was no news. we were bearish for the day, but yesterday makes my bias even stronger since the gap was filled and we touched a support area and then bounced on that area back up. Tomorrow at 8:30AM there is unemployment claims news, Forecast is expected to be the same as previous. If it stays the same we might see some consolidation or even bearish movements. But if claims were better than expected probability of breaking ATH is HIGH. Heres what i suggest if actual unemployment claims show up lower than previous and forecast.
1) go to 5 min TF find a good bullish entry with confirmation.
2) If and when price gets to ATH, move your SL to breakeven and take off half of your profit.
3) Keep dragging your SL 30 pips under the actual price after it breaks ATH.
Remember Trading is all about increasing your probability %, nothing is 100%. So keep your risk management tight and keep an eye on it and keep your charts simple.
