My Forex Journey #6 ...... Now What after NFP for EUR/usd? ........ Forext Market Open Today, Sunday 5:00 PM, EST.
The forex market has been closed since this last Friday with NFP stats and I am itching to see how NFP low numbers will affect the markets today and the rest of this week.
I get itchy feeling in wanting to get back into the action of trading when the market closes for a couple days.
What do I expect from USD pairs when the market open again today 5:00 pm, EST?
Since there was no drastic price movement during NFP (non-farm payroll ) which most time causes the USD pairs to move 50 to 75 pips like 10 minutes, this time the price movement will continue from where it left off on Friday, I think.
Look at below where the price left off on EUR/usd:
EUR/usd looks to retraced down from such a long Bullish run on close of this last Friday. I am going SHORT as soon as open today 5:00 pm to take advantage of sometime dramatic price movement when market opens on Sundays.
Normally, one would not want to trade immediately after the Forex market opens on Sundays but for EUR/usd, I am pretty confident the price will reverse down right away.
Well, let the trading begain!
May you be in profit today!
David/hanamana
See my previous trading contents here:
https://steemit.com/forex/@hanamana/my-forex-journey-4-profited-this-past-week-in-forex-space
https://steemit.com/forex/@hanamana/my-forex-journey-4-profited-this-past-week-in-forex-space