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Tomorrow will be a busy day, and as many of you know one of my favorite news releases comes out tomorrow. The Canadian Labor Change report is one that consistently has moves of 50-75 pips or more when it meets our triggers, and it met our safe trigger eight times last year. In addition, we…
Bernanke statement released early, some orders removed allowing for stop squeeze higher. Everything is still ok will have to reassess when market done with the noise.
Be cautious ahead of bernanke at 1 pm eastern. Could squeeze it 30-40 pips. Good sell levels either way.
Depending on size of first trade, you can add to nzd around 7808 for a 7798 avg.
Nzd sell close to 7788, If entered chf it will be fine since suggested caution with size becuase it looked like good day to squeeze stops. Will update on potential add to chf, right now next levels 11020-35
Orders down to 11080 so still offering good risk reward, just be cautious with size.
The 111-11110 area has provided several entries this week for profit after mondays trade on it. If you are still using it we are there again for a buy, but use caution on size of trade as level as been tried several times.
Was unable to post exit of nzd trade yesterday. Gave a pretty quick 40 pip potential profit. Hopefully you took some off, if not worse case should have been breakeven. Nzd retried 3 times which is usually enough to clear orders. Will wait till after ECB for next look at a trade.