This month of July 2023, we can expect less than expected number in the payroll, in reason of the economic data released earlier.
If this happens will for the moment push aussie for higher price.
But be caution because next week we have CPI numbers.
"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$:)!...
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...
Non-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...
US 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...
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...
WAITING FOR THIS SCENARIO THAT EXPIRES MAY 3TH, SHORT AND MASSIVE BEARISH PRESSURE.
TODAY WE SAW A BIG PRESSURE TRYING TO GO DOWN, BUT NOT ENOUGH TO TAKE ADVANTAGE. DO NOT TRADE TILL SEE THESE 2 SCENARIOS.
IN THE LONG TERM ANYWAY USDJPY BULLISH, THE KID IS TRYING TO COMEBACK ABOVE 114.000
GOOD LUCK!!
