Tomorrow morning we have one of the most volatile, market moving reports in the U.S. Non-Farm Payroll report. It is a very dangerous report to play and I recommend to take the trading day off since we’re up +67 pips for the week. For those of you who still want to trade I recommend waiting 20 to 30 minutes after the NFP report to enter the recommend levels to avoid whipsaws and quick stopouts. The goal is to wait and see if a strong movement in one direction will form and participate in it.
Long USD/CHF at 1.2300, stop at 1.2254, pt1 at 1.2320, pt2 at 1.2355
Short USD/CHF at 1.2144, stop at 1.2194, pt1 at 1.2129, pt2 at 1.2098
Good luck and good trading!
P.S. – Don’t forget to check out Big Pippin’s and Pipcrawler’s new signal blogs!
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.