Day Trading NFP – 6-3-2016
Hello Traders,
Day Trading NFP must be a very prudent process. One must have day trading skills well beyond newbie to succeed at this volatile endeavor. All this week I have discussed the possible head and shoulders forming on the daily chart with USDCAD. This pattern broke nice today. My target was the low area of last week. 1.2920 area.
Today I sent a signal out on EURUSD and USDCHF. I went long on EURUSD and short on USDCHF into NFP.
I decided to take this risk based on the relative strength I noticed in the EURUSD that led me to another indicator that we may get a short squeeze. I grabbed well over 100 pips on each pair in less than 15 minutes and was a great NFP. Here is a video where I explain the reasons for my trades.
- Posted by fx_Trader
- On June 3, 2016
- 0 Comments
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