EURUSD 4H Hoe to trade FOMC & Non-Farm
We have some fundamentals this week from FOMC tomorrow and Non-Farm payroll Friday. At any given time, the market is either going to progress the trends or fall back to the ranges, so we need to be ready in either case.
1. The market is in the up-trending position and breaking above previous sup/res. I have a buy stop at 1.2460 with take profit at 1.2510. Watch that macd crosses above the red line for confirmation.
2. If the market drops from here, I have sell stops in place. 1st sell stop at 1.2420 with take profit at 1.2390. 2nd sell stop at 1.2325 with take profit at 1.2295. Macd will still be below red line and head toward 0 level. If macd crosses above red line get out of trades and be ready to make some buy trades.
1. The market is in the up-trending position and breaking above previous sup/res. I have a buy stop at 1.2460 with take profit at 1.2510. Watch that macd crosses above the red line for confirmation.
2. If the market drops from here, I have sell stops in place. 1st sell stop at 1.2420 with take profit at 1.2390. 2nd sell stop at 1.2325 with take profit at 1.2295. Macd will still be below red line and head toward 0 level. If macd crosses above red line get out of trades and be ready to make some buy trades.
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Trade Entered