My Forex Journey #6 ...... Now What after NFP for EUR/usd? ........ Forext Market Open Today, Sunday 5:00 PM, EST.

in #forex7 years ago (edited)

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

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