I have to go to work today. So I'll get little cance to monitor the market. As usual, start with the Tokyo open.
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| Figure 01: EURUSD 5m chart. "Tokyo open" |
Price was just moving sideways staying below the daily pivot. No trade opportunity found. But just after the London open price started to move up and down.
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| Figure 02: EURUSD 5m Chart. "London open" |
These price fluctuation can be utlized if the position can be taken at right time with tight s/l. More than 2 hours after the London opent price suddenly started to move north without giving any hints.
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| Figure 03: EURUSD 5m chart. |
Price then started to move downwards gradually untli NY session opens. After NY open there were following news scheduled to get published. NY open was at 7:00 pm (+6:00 GMT) and news time was 7:30 pm. See that happens there. First news:
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| Figure 04: Non Farm Employment change & Unemployment rate |
Now see the news impact:
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| Figure 05: News impact |
After news release price rallied downwards. If a short entry could be done at second candle following news release, more than 60 pips could be gained. I missed the time. I came after the rally has been faded away. I had no other opportunity here.
After that I traded with other pairs (GBP/USD, EUR/JPY) with other strategies. I'll let you know about these later.
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