London Boyz
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LB Analysis (CADJPY) - We are currently bullish on CJ due to a purge on sell side liquidity (equal lows) on Friday. Price then reversed and closed above a previous high which is a key indication of a shift in market structure. Refer to the Yen Futures for more confirmation on a bullish xxxjpy.
London Boyz
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LB Analysis (GBPCHF) - We are currently bullish on GBPCHF due to a grab in liquidity on a previous low. Then the market went into a ranging state. After some weeks the market found support and recently broke a significant high which is an indication of a bullish scenario. In conclusion, we are also bearish on EURGBP which is more corrobation for a bullish GCHF.
First Target on CADJPY smashed π₯π₯π₯ 60-70 pips depending on entry point. π¨π½βπ
As of GBPCHF bullish bias we are collapsing the trade idea because of a run on SSL. We'll continue to stalk it for the rest of the week and update on any thoughts.
GBPNZD and GBPAUD trade ideas were also sent out in the discussion chat which are both running in 50+ pips profit. π―
London Boyz
GBPNZD and GBPAUD trade ideas were also sent out in the discussion chat which are both running in 50+ pips profit. π―
140+ pips on GBPAUD trade idea, GBPNZD 70+ pips πΈ
Quick Update: (GBPCHF BUY) - If you bought GBPCHF last night when markup was sent you are sitting at around 60 pips in profit. Still holding till the EQHs are swept π
LB Update: (GBPCHF BUY) - Target Smashed! 90-100 Pips Depending on Entry Point π¨π½βππ₯
Take a look at GBPCHF... π¨π½βππ Brinx Entry called for 150+ pips on a FREE channel.
Forwarded from London Boyz
Trade with caution π¨
Trading Facts: π‘π What Is NFP ?
π NFP Stands For (Non-farm payroll)
NFP is always the first Friday of every Month @ 8:30 AM EST. The U.S. Bureau of Labor Statistics releases the numbers for new job creation in the US
The data includes all paid workers, excluding government employees, private households, non-profit organizations and the farming industry (thus the name).
Itβs a very important indicator for how well the US economy is doing. Major changes or releases that surprise their forecast lead to significant price movements and a lot of volatility. I will quickly explain you, how YOU can trade the NFP. But be careful, the market will be very volatile.
π In a nutshell
In every NFP there are three parts and news releases:
A) The NFP numbers: how many new jobs have been created/lost?
π The unemployment rate: what is the overall unemployment rate?
C) The hourly wages: how much workers are earning on average?
π How to trade?
The most important note - you never trade the actual number. 200k new jobs great, good or bad what matters the most, are the expectations of experts BEFORE the actual numbers are released. You trade peopleβs expectations and reactions to those numbers.
1) Is the actual number in A) higher than the forecast and previous -> USD will very likely rise.
2) Is the actual number lower than the forecast and previous -> USD will likely fall.
π¨π£
Please be advised that you will see an immediate volatility spike, basically a very strong reaction to the release of the numbers and the price will later reverse once the majority of the market plays out
For inexperienced traders, it's recommended not to trade news. That means 1-2hours before and after the news.
Trading Facts: π‘π What Is NFP ?
π NFP Stands For (Non-farm payroll)
NFP is always the first Friday of every Month @ 8:30 AM EST. The U.S. Bureau of Labor Statistics releases the numbers for new job creation in the US
The data includes all paid workers, excluding government employees, private households, non-profit organizations and the farming industry (thus the name).
Itβs a very important indicator for how well the US economy is doing. Major changes or releases that surprise their forecast lead to significant price movements and a lot of volatility. I will quickly explain you, how YOU can trade the NFP. But be careful, the market will be very volatile.
π In a nutshell
In every NFP there are three parts and news releases:
A) The NFP numbers: how many new jobs have been created/lost?
π The unemployment rate: what is the overall unemployment rate?
C) The hourly wages: how much workers are earning on average?
π How to trade?
The most important note - you never trade the actual number. 200k new jobs great, good or bad what matters the most, are the expectations of experts BEFORE the actual numbers are released. You trade peopleβs expectations and reactions to those numbers.
1) Is the actual number in A) higher than the forecast and previous -> USD will very likely rise.
2) Is the actual number lower than the forecast and previous -> USD will likely fall.
π¨π£
Please be advised that you will see an immediate volatility spike, basically a very strong reaction to the release of the numbers and the price will later reverse once the majority of the market plays out
For inexperienced traders, it's recommended not to trade news. That means 1-2hours before and after the news.