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EUR/USD analysis and plan for NFP on Sep 6, 2019.

As expected, EURUSD formed stop grabber. 1D candle was closed below trend predictor (red line). I am now just targeting 50% of whole move up but slightly better NFP or even a neutral NFP may make EUR/USD penetrate last swing low on 1D/daily time-frame.


Before NFP, my current target may be hit or the trade may be closed at BE.




My plan for NFP:

Better or neutral NFP: Sell at 30-38.2% retracement of first spike down after NFP. It happens in minutes/seconds, so it needs quick decision. Target below previous swing low of 1D/daily time-frame.

Worse NFP: stay on sidelines.


2 comments

2 comentários


Anand Dubey
Anand Dubey
13 de set. de 2019

Grabber got completed yesterday. Following ECB statement, EURUSD fell down to previous swing low on D1.

Curtir

Keon Consultancy
Keon Consultancy
06 de set. de 2019

Closed existing sell position with 22+pips (before it hit TP) due to NFP.

Curtir
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