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ENJOY YOUR WEEKEND FAMILY!!!! EURUSD has LEFT THE BUILDING!!!! "They that wait upon the Lord shall renew their strength. They shall mount on wings of eagles and soar!' Excerpt from Isaiah 40:27-31 Patience and Discipline. Patience to wait on your trade set up. Discipline to stay with the BIAS determined for your set up aka Trading With the TREND. If you followed my previous post you're gonna have a GREAT WEEKEND$:)! Treat yourself to something nice. Take your family out for ice cream. Then re invest back into your account to compound again next week! This is a 7 TRILLION DOLLAR SPACE we are BLESSED to be apart of daily. My Mandate is to show you where the $ is flowing and point you in the right direction. Mission complete. Never over leverage. Trust your trade set up. Have fun! I AM Pro Trading Made Simple. We are #SniperGang
Short
by Master-Jedi-Trader
6
EURUSD Non Farm Payroll Catalyst?Non-Farm Payroll numbers are due today, after a strong decline EURUSD has settled into a consolidation/bear flag formation. I've been watching for a breakout of this range for a while now and while the structure of the flag has changed, the overarching idea is the same - looking for a break below the range to continue the larger trend. Non-Farm Payroll tends to bring with it spikes of volatility and can often be the catalyst to begin a new trend or new leg of a trend, which is what we're watching out for today.
Short
by HayeTrading
25
USD/JPY Stays Neutral and Waiting NFPNon-farm payrolls report will be released later today. At the same time next week Fed will meet regarding their monetary policy. A weak NFP report may raise the chances of a Fed rate cut in March, but we don’t think it’s going to influence the Fed at its next meeting on December 11. Risk appetite is also wobbly, which means that a softer report could have a bigger impact on USD/JPY pair, one of the most sensitive pair to the market sentiment. If this is the case, the USD should keeps declining. The pair will meet supports at 108.00, 106.80, and 104.45. Short-term pullback should continue to show opportunities for buying, as the 50-day SMA is now starting to cross above the 200-day SMA. We're looking for Buy position around 108.00 with the nearest TP target at 109.50. As long as 108.27/00 support area holds, rise from 104.45 remains mildly in favor to resume. The appreciating USD will push the pair to highs at 109.51 (upper line of daily BBs), 110.89, and 112. And, of course, don't forget that the focus for USD/JPY traders will continue to be on the progress of U.S.-China trade talks. So, each Trump's tweet could bring volatility. What do you think?
Long
by ForexTrendline
NFP Prewiew and EUR/USDUS Non-Farm Payrolls report will be the major focus today. Most of the economists are expecting US NFP to post reading in between 183-200K in November. In addition, they are forecasting the unemployment rate to remain between 3.5-3.6% for the month. Average hourly earnings growth is expected to pick up to 0.3% mom. Still, there are signs that the jobs report could disappoint. Firstly, the ADP jobs data released on Wednesday showed that only 67K private payrolls were added. Secondly, the four-week average claims increased to 217K from 215K. Consumer confidence data from the Conference Board declined for 4th straight months while the employment component of the ISM manufacturing data continued to decline. If job growth falls short of expectations and wage growth fails to improve like economists anticipated, USD/JPY could fall toward 108 and EUR/USD could extend its gains to 1.1150/80. You can looking also for bullish trades in NZD/USD, which recently saw a major breakout to 4-month highs and may have further to run from here. In the event the jobs and the wage data beat expectations, then we would favor looking for short-term bullish trades in USD/JPY, which remains in a near-term uptrend. Technically, EUR/USD is along the upper line of the Bollinger Bands on the 4-hour chart. The RSI indicator is slightly below the overbought level of 70. We’re looking for the market to get a little overbought on a short-term time frame and to start shorting again for a very small trade. Until 1.1066 minor support is intact, further rise is still in favor. Corrective decline form 1.1179 could have completed at 1.0981. Rise from there would target a test on 1.1179 first. Break above that level will resume whole rally form 1.0879. However, a clear break of 1.1066 (daily 100 SMA) will turn bias back to the downside for testing 1.0981 instead. You can share in the comments bellow what's your trading strategy for today.
by ForexTrendline
EURUSD. Turning Up now. Perhaps, NFP tomorrow will take EU back up. Regardless, trade the breakout from 1hr. consolidation period (fast). Red box is just there to help define theoretical high/low period. It's your job to find the 1 hr. high/low period at the bottom. Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here. Wait for a significant breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the trade. Red border boxes are the High/Low of a consolidation period inside the consolidation zone. I usually aim for 80% of the weekly ATR (or monthly ATR for yellow solid boxes) taking profit but not always at the next yellow box. I place my stop loss above/below red border box. *These zones, with the inclusion of price action described above, have remarkable accuracy. Yellow border box: weekly consolidation zone Yellow solid box: monthly consolidation zone Red border box: High/Low breakout box (5 minimum candles) Grey solid box: monthly grid block
Long
by ComteSt.Germain
1