The forex market may experience good price action with forex traders contemplating technical price action at:
7:15 PM EDT Tuesday, April 6: Moderate price action for 3.5 hours duration. NOTE: The start time deviation may be – 15 or + 20 minutes.
1:30 AM EDT Wednesday, April 7: Moderate to strong price action for 2.5 hours duration. NOTE: The start time deviation may be – 40 or + 15 minutes.
Britt Maras – Senior Currency Strategist
No CommentsBuying 1.3547, stop 3495, target 3877. Will manage before news. If not positive by 23-55 pips before news, will have to consider position for profit. Tomorrows market is either tsunami, or reverse whipsaw which of course is more volatile and less desirable to trade on a special day. Then, may consider the opposing technical view if empty. Low risk, likely empty before news. More later. tmtr
No CommentsHopefully by now you have received the login information for the TAP software and downloaded it to your computer. If you have any questions about it you can contact the support team at support@forextradersdaily.com .
Most of you are aware that this morning the Non-Farm Payroll data was released. This is the most anticipated trade of the month and because of this I like to be extra cautious. There is no reason to be in the market on a Friday when there is a lot of uncertainty. If you have been joining me in the room for any length of time you will know that I like to plan out my trades and wait for them to setup. Waiting is a big part of trading…at least successful trading. We do have another session today at 10:30am and we will evaluate the market once things have settled from the news and I look forward to seeing you there.
You can find the specific links to get started at this site: http://forextradersdaily.com/technicaltrading/rosstradesignals
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