Non Farm Payroll News Release 7th, August, 2020

in #forex • 4 years ago

forexfactory1.jpg

Looking at the NFP news release at 1:30 UTC +1 London Time (12:30pm GMT Ghana Time)
The Actual figures are green which means that the candlestick will be bullish.

bullish nfp candle.jpg

And after the news release the candlstick became bullish.

next candlestick after nfp news release was bearish and still going down.jpg

The candlestick after the NFP was bearish.

extended past the fibonacci 50 line sell signal.png

The candlestick extended so far down that it went past the 50.0 on the Fibonacci retracement and kept going down. (When the candlestick crosses the 50.0 line downwards you are supposed to sell)

This post was taken from my website forexblogz.kbasante.com

#currency #nfp #trading #market #news
4 years ago in #forex by
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