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Nfpday

NFP set to be Bearish on NASDAQ 👇😉, Here's WhyAfter some careful analysis I've come to the conclusion that the NFP may want to push the market into a downfall. The week has been quite bullish since the week started and a weekly significant high has already been taken, I believe it's time the market corrected some price imbalances it left out on the rush to the upside. The Fair Value Gap highlighted by that triangle is best visible from the 5 Min Chart to see where the idea is coming from. Let's Play a Game, If I'm Right, You Follow... deal 🤝 Enjoy 😉
UShort
by XeroxFTC
NFP Possible opportunity and trading setupsToday's NFP print is coming in 2h and 30m, trading plan following. In the last couple of days we got higher Labor data with Jobless claims, Jolts data printing way better than market expectations, and these 2 components fit into the NFP this might mean that on the aggregate the 185K US NFP estimation might be slightly higher than that. Anyways, let's move into the NFP now. The bulk of market participants are between 150-200K and for exaggerated movements, we should look for anything below 150K for US$ shorting or 200K for US$ long. As a second layer of risk, we can use 125K to the downside and 225K to the upside which will give us the ultimate trading conviction. US NFP printing higher than 200K (Risk x1) US NFP printing higher than 225K (Risk x2) EURUSD - GBPUSD - GOLD - BTC - SNP - NDX 🔽 USDJPY 🔼 US NFP printing lower than 150K (Risk x1) US NFP printing lower than 125K (Risk x2) NZDUSD - AUDUSD - GOLD - BTC - SNP - NDX 🔼 -Extra notes- Average Hourly Earnings (YoY) and Unemployment rate need to be considered as a second layer of conviction into this trade setup... They are similarly essential and if they give a very different picture than NFP then we should be considering this in our analysis and either deduct any risk from our positions or even close our positions after all. Average hourly earnings YoY have a previous Result of 4.6% and an estimation of 4.3% above 4.4% or below 4.2%. The vast majority of the analysts will be surprised by a result of 4.2% and below or 4.4% and above. The US Unemployment rate has a previous result of 3.5% and an estimation forecast of 3.6%. The vast majority of the analysts will be surprised with a result of 3.4% and below and 3.7% or above. Consider the above as possible conflicting factors or boosting factors to the NFP result, also don't forget that the Unemployment rate lower is US$ hawkish, and the Unemployment rate higher is US$ dovish.
OANDA:XAUUSD
by Investing_Bridge
GBP/JPY NFP 03- 04/02/2023 Possible drop too 155.500 to see if the market will break or pull, considering there is nfp new tonight expecting the drop to continute to 149.000 to wick that demand zone and continue bullish.... banks will take out buy orders at 155.500 stop hunt the orders/ I personally think tonight will have a lot of manipulations for people to buy and get stopped out till NFP news comes out with a finally bearish wick to 149.000 as done previously before the bullish movement let me know what you think .. good luck tonight lets get it $$$$
by BullseyeForex
4
USD/CHF (NFP INFO) According to my latest analysis, the upcoming Non-Farm Payroll (NFP) should be "Positive" with a small increase in MOM average hourly earnings, this will boost the USD and bring the gold down, and I hope you understand the correlation between CHF & GOLD (they move in the same pace) that's why watching the bigger picture the pair is in an uptrend, but in a couple of hours, there will be a decline in the price until the NFP report comes out. First, we will short the pair to 1.0042. 2nd, we start buying from entry point 1.0042 with TP 1.0145 (risk-reward 1:3) Good luck to all!
by EndlessPips
Xauusd NFP tradeGold is rejected from local resistance and trading in some sell position. As you can see in my chart gold is trading now in bullish chanel and chanel support is 1775,73 area if market come 1st at support then buy gold for 1810 target. If market goes upside 1st before reaching support level then bulls have very hurdle path to break 1800 psychological resistance level ,then 1807 D1 T/F horizontal resistance and chanel resistance also there, then 1809,1812 strong supply area, so I think market must reject from there and target is our support level.
OANDA:XAUUSDLong
by pips-makers
1
USDCHF I Pullback & Headed UpwardWelcome back! Here's an analysis of this pair! **USDCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
2