As you see NFP release days often generate reversals, minor pullbacks on daily or are at the beginning of big moves, acting as catalysts.
Though I dont believe in big NFP reversal starting on low volume trading days, as we are in Easter Holidays. Hence today´s NFP day may go unnoticed as most of traders are gone for Easter holidays.
But otherwise we could see a...
Usually, average hourly earnings don't print positive. I have seen very few times NFP and Hourly earnings published positive together in the last 13 years.
When companies hire more people, it's expected that they don't want to pay more and overtime. But, on the other side, companies don't recruit new people, and then they pay more overtime to their existing...
Here are some questions I put out to my community group the other day followed by the answers. The reasoning being the move has been annotated on the chart.
Why did price slowly decline prior to NFP?
- Price had to decline slightly before NFP to mitigate the impulsive move created earlier in the day.
- Price had to stop out break and re-test buyers with a tight...
Nice way to end the week with this simple trade idea executed on the 15min TF. A breakout of the box, suppot of the dynamic trendline as well as a retracement as a entry.
This view is more of a confirmation of my analysis for the week, I am waiting for the end of day to be able to tell where price will be going next but as a day trader, there often something to trade. Price tested a new high and could be looking at forming a new high low before a higher high.
